--- title: "The escalation of conflict in the Middle East has caused the market to be in \"extreme fear\"! The \"risk asset barometer\" Bitcoin has fallen to a two-week low" type: "News" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/280131221.md" description: "The escalation of conflict in the Middle East has led to market panic, with Bitcoin falling to a two-week low. Due to the intensifying tensions between the United States and Iran, global risk assets have generally retreated, and Asian stock markets have plummeted. Bitcoin dropped to a low of $67,371 during Monday's trading, reflecting market concerns about the economic growth outlook and a reassessment of the Federal Reserve's monetary policy. Trump's threat to bomb Iran's power facilities has further exacerbated market uncertainty" datetime: "2026-03-23T09:16:58.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/280131221.md) - [en](https://longbridge.com/en/news/280131221.md) - [zh-HK](https://longbridge.com/zh-HK/news/280131221.md) --- > 支持的语言: [English](https://longbridge.com/en/news/280131221.md) | [繁體中文](https://longbridge.com/zh-HK/news/280131221.md) # The escalation of conflict in the Middle East has caused the market to be in "extreme fear"! The "risk asset barometer" Bitcoin has fallen to a two-week low According to Zhitong Finance APP, Bitcoin, the largest cryptocurrency by market capitalization, which has recently seen a moderate rebound, has once again fallen into a correction trajectory due to the escalating war situation between the United States/Israel and Iran. It is understood that during Monday's Asian trading session, Bitcoin's trading price fluctuated near its lowest point in two weeks. As geopolitical tensions in the Middle East escalated, a sentiment of "extreme fear" swept through every corner of the global financial market. Asian stock markets collectively plummeted on Monday, aptly described as "Black Monday," with the Japanese and South Korean stock markets experiencing significant declines. Copper prices fell to a three-month low, while spot gold dropped nearly 9% during the day, erasing all gains for the year, and spot silver fell nearly 8%. Bitcoin briefly dropped nearly 2% during early Asian trading before rebounding to a crucial support level. On Monday, as the US-Iran conflict entered its fourth week, Trump's ultimatum entered a countdown phase. However, both sides adopted suddenly hardline rhetoric, with Bitcoin, known as a "risk asset barometer," along with global stocks, bonds, and gold assets, all declining simultaneously. The dual impact of rising inflation expectations due to soaring oil prices and deteriorating economic growth prospects is forcing investors to reassess the monetary policy paths of major global central banks like the Federal Reserve, with market sentiment continuing to trend defensively. This largest cryptocurrency by market capitalization fell to a low of $67,371 during early Asian trading, marking its lowest level since March 9, and spent most of the day hovering around $68,000—this level is a crucial 200-week technical support point. ![1774256650(1).png](https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20260323/1774256654104370.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) The weak performance of this risk asset barometer reflects a broader pullback in global stocks and other risk assets, primarily due to the escalating tensions in the Middle East over the weekend. President Donald Trump threatened that unless Iran reopened the Strait of Hormuz, a key global trade waterway, he would bomb Iran's power plants and other core energy infrastructure, emphasizing that the largest of these would be the first target. Tehran responded with a warning that if its fuel and energy infrastructure were attacked by the US and Israel, it would strike key infrastructure across the Middle East. Recent news indicates that the situation in the Middle East remains out of control and the conflict is escalating. The Iranian Defense Council issued a statement saying that if the enemy attacks Iran's coasts or islands, Iran will immediately lay various types of mines in all waterways of the Persian Gulf. A spokesperson for the Central Command of the Iranian Armed Forces, on the 23rd local time, stated that due to the precise strikes and strategic deployments of the Iranian armed forces, the multi-layered defense network of the US and Israel in the West Asia region has collapsed, and the weapons supply assurance system has been disrupted, leading to a reversal of the overall battlefield situation. The Iranian military has effectively "quasi-blockaded" the Strait of Hormuz, meaning that about 20% of global energy flows are fully obstructed, accompanied by tanker attacks and shipping disruptions. A recent research report from the International Energy Agency (IEA) indicated that military actions by the US and Israel against Iran at the end of February triggered the largest supply disruption in the history of the global oil market; At the same time, the U.S. government is considering restoring shipping channels and taking full control of the Strait of Hormuz through military means, including potential ground or quasi-ground control. On Friday, media reports indicated that the White House is dispatching hundreds of Marines to the Middle East while weighing a plan to send ground troops to seize Iran's Kharg Island oil export hub. Brent crude has been hovering and increasingly stabilizing around $110 per barrel, no longer just a brief wild surge—indicating that high oil prices could be a persistent major threat that investors, central bank policymakers, and business leaders must confront. It is reported that Kharg Island is Iran's largest crude oil export base, with 90% of Iran's crude oil exported from here. Rachael Lucas, a senior analyst at BTC Markets, stated: "The main trigger is geopolitical. President Trump issued a 48-hour ultimatum, threatening to completely destroy Iran's power plants unless the Strait of Hormuz is reopened, which has significantly pushed up Brent crude prices and severely impacted global risk assets." So far this month, the impact of the Iran war on Bitcoin has been far less than on more traditional assets. On Monday, as international oil prices fell back after a morning surge, they ultimately showed a slight upward trajectory, while gold dropped more than 3%, nearly erasing its gains for the year. This traditional safe-haven precious metal has fallen 17% this month, marking the longest consecutive decline since October 2023. WTI crude rose 3.0% during the day, remaining above the historical high price of $100, with the latest price at $101.21 per barrel. Asian stock markets opened lower, while bond yields in many countries around the world rose significantly. Japanese and South Korean stock indices fell sharply, and the MSCI All Country World Index—widely regarded as the broadest measure of global stock markets—further expanded its year-to-date decline. Asian stock markets have fallen for three consecutive days, approaching a technical correction range, with the MSCI Asia-Pacific Index down 3.5% and the South Korean market plunging 6.5% in a single day, while the Nikkei 225 Index closed down 3.5%. Meanwhile, Bitcoin rose about 4% in March. For a significant risk asset that is still 45% lower than the $126,251 peak set in October, this is considered a relatively calm period; at that time, the cryptocurrency market experienced a major sell-off in the fourth quarter, putting continuous pressure on prices. At the critical level of $68,000, Bitcoin is hovering near its 200-week exponential moving average—a trend line that holds significant psychological importance for this cryptocurrency asset. Pratik Kala, head of research at Apollo Crypto, stated: "Historically, if you tend to be bullish, these areas have always been excellent accumulation zones for Bitcoin assets." Nevertheless, cryptocurrency trading remains sluggish. A market sentiment index compiled by Coinglass remains at an "extreme fear" level, having been in this negative state for 25 out of the past 30 days. The net inflow of funds into U.S.-listed spot Bitcoin exchange-traded funds (i.e., Bitcoin ETFs) turned negative in the middle of last week, with a significant outflow of $305.8 million over three days; however, these ETF funds still recorded a net inflow of about $9.5 million over the entire week Haider Rafique, Global Managing Partner of the cryptocurrency exchange OKX, stated: "In several weeks of extreme volatility like this, it often tests the new narrative logic of Bitcoin as a 'new safe haven,' especially as its trading price trend has recently fluctuated more in line with risk assets rather than inversely." ### 相关股票 - [Grayscale Bitcoin Mini Trust ETF (BTC.US)](https://longbridge.com/zh-CN/quote/BTC.US.md) - [Hut 8 Mining (HUT.US)](https://longbridge.com/zh-CN/quote/HUT.US.md) - [Galaxy Digital (GLXY.US)](https://longbridge.com/zh-CN/quote/GLXY.US.md) - [Mara (MARA.US)](https://longbridge.com/zh-CN/quote/MARA.US.md) - [Riot Platforms (RIOT.US)](https://longbridge.com/zh-CN/quote/RIOT.US.md) - [Bakkt (BKKT.US)](https://longbridge.com/zh-CN/quote/BKKT.US.md) - [Grayscale Bitcoin Trust BTC - ETF (GBTC.US)](https://longbridge.com/zh-CN/quote/GBTC.US.md) - [GraniteShares 2x Long COIN Daily ETF (CONL.US)](https://longbridge.com/zh-CN/quote/CONL.US.md) - [iShares Bitcoin Trust ETF (IBIT.US)](https://longbridge.com/zh-CN/quote/IBIT.US.md) - [Amplify Transform Data Sharing ETF (BLOK.US)](https://longbridge.com/zh-CN/quote/BLOK.US.md) - [VanEck Bitcoin ETF (HODL.US)](https://longbridge.com/zh-CN/quote/HODL.US.md) - [Leverage Shares 2X Long COIN Daily ETF (COIG.US)](https://longbridge.com/zh-CN/quote/COIG.US.md) - [Valkyrie Bitcoin and Ether Strategy ETF (BTF.US)](https://longbridge.com/zh-CN/quote/BTF.US.md) - [Bitwise Bitcoin ETF (BITB.US)](https://longbridge.com/zh-CN/quote/BITB.US.md) - [CoinShares Bitcoin ETF (BRRR.US)](https://longbridge.com/zh-CN/quote/BRRR.US.md) - [GraniteShares 2x Short COIN Daily ETF (CONI.US)](https://longbridge.com/zh-CN/quote/CONI.US.md) - [WisdomTree Bitcoin Fund (BTCW.US)](https://longbridge.com/zh-CN/quote/BTCW.US.md) - [Roundhill COIN WeeklyPay ETF (COIW.US)](https://longbridge.com/zh-CN/quote/COIW.US.md) - [Grayscale Bitcoin Adopters ETF (BCOR.US)](https://longbridge.com/zh-CN/quote/BCOR.US.md) - [ProShares Bitcoin Strategy ETF (BITO.US)](https://longbridge.com/zh-CN/quote/BITO.US.md) - [GraniteShares 2x Long MARA Daily ETF (MRAL.US)](https://longbridge.com/zh-CN/quote/MRAL.US.md) - [ARK 21Shares Bitcoin ETF (ARKB.US)](https://longbridge.com/zh-CN/quote/ARKB.US.md) - [Invesco Galaxy Bitcoin ETF (BTCO.US)](https://longbridge.com/zh-CN/quote/BTCO.US.md) - [BTC/HKD (BTCHKD.VAHK)](https://longbridge.com/zh-CN/quote/BTCHKD.VAHK.md) - [BTC/USD (BTCUSD.VAHK)](https://longbridge.com/zh-CN/quote/BTCUSD.VAHK.md) ## 相关资讯与研究 - [Basic Attention to Host Community Call on March 17](https://longbridge.com/zh-CN/news/279314077.md) - [06:11 ETBybit EU nawiązuje współpracę z PayPal, aby uprościć zasilanie kont kryptowalutowych](https://longbridge.com/zh-CN/news/279574317.md) - [IFP Advisors Inc Purchases New Stake in Coinbase Global, Inc. $COIN](https://longbridge.com/zh-CN/news/280017294.md) - [Mizuho slashes Gemini price target by more than half as weaker trading outweighs card growth](https://longbridge.com/zh-CN/news/280197171.md) - [07:27 ETSokin Launches Stablecoin Capabilities to provide Hybrid Finance Platform Unifying Digital Assets and Fiat](https://longbridge.com/zh-CN/news/279421253.md)