As the Iran situation escalates and oil prices rise, global stock markets come under pressure, but Bitcoin defies the trend with an approximately 4% increase, reaching $70,000. Large institutions continue to buy through OTC trading, with over $700 million in funds flowing into Bitcoin-related ETFs, supporting market sentiment. Major holders slightly increase their holdings, indicating institutional and corporate optimism about Bitcoin, becoming an important force in its price stability.

On March 10th, on the prediction market Polymarket, two high-probability addresses placed a $13,400 bet on a ceasefire between the US and Iran in June. Iran hopes to end the war rather than a temporary ceasefire. Trump claimed the conflict would end quickly and issued threats against Iran.

Gate News Report, March 9th, U.S. President Trump stated that he believes the Iran war is already very thorough and almost over.

Macro strategist Mark Connors stated that if the conflict between the US and Iran continues, increased fiscal spending and debt expansion could benefit Bitcoin. He pointed out that war financing will increase the supply of US dollars, weaken the currency's value, and drive Bitcoin higher. Since the conflict began, Bitcoin has risen approximately 3.6%.

Gate News Report, March 9, Iran's Supreme National Security Council Secretary Ali Larijani stated that considering the flames of war ignited by the United States and Israel in the region, the Strait of Hormuz is unlikely to achieve any security.

Gate News Report, March 9th, French President Macron stated that a convoy fleet is being assembled to reopen the Strait of Hormuz. Macron said that once the most intense phase of the war ends, escort missions can begin.

The escalation of Middle East conflicts has led to rising oil prices, prompting investors to sell off U.S. Treasuries. Analysts point out that the impact of the war leans toward inflation and budget deficits, causing the market to reassess interest rates and fiscal risks. Data shows that U.S. Treasury yields are rising.

The rapid development of the prediction market industry has attracted attention to its business models and regulatory issues. Polymarket CEO mentioned that as trading volume expands, war-related prediction markets have sparked controversy but also provide informational references. Data shows that geopolitical events have driven a significant increase in trading volume. Although the legality of war contracts remains gray area, prediction markets continue to attract substantial capital. Two companies aim for a valuation of $20 billion in their funding goals and are competing for the young user demographic.

Middle Eastern geopolitical risks have intensified, leading to a sharp decline in Asian stock markets, a surge in energy prices, and crude oil surpassing $110. Despite market concerns, cryptocurrencies like Bitcoin remain stable. Oil prices are expected to continue rising, but some traders anticipate a correction. The Federal Reserve's interest rate expectations remain stable, and future oil price increases could impact inflation.

Helius CEO Mert analyzed the impact of the US war on the cryptocurrency market, believing that the downside potential for cryptocurrencies is limited, but the upside potential is asymmetric, and the market may rebound within six months.