Crypto Market Hedges Iran War Risks With 24/7 Oil and Gold Trading
Market Intelligence Analysis
AI-PoweredThe crypto market is hedging against potential risks from the Iran conflict by increasing trading in perpetual swap futures tied to oil and precious metals, indicating a cautious approach to potential market volatility.
Market impact analysis based on neutral sentiment with 80% confidence.
Article Context
Perpetual swap futures, a type of futures contract that does not expire, tied to oil jumped about 6.2% to $70.6 per barrel on crypto exchange Hyperliquid, while those for gold and silver rose more than 5% and 8% to $5,464 and $97.5 per troy ounce, respectively. The Iran conflict triggered a sharp risk-off move across cryptocurrencies.
Analysis and insights provided by AnalystMarkets AI.