TechFlow News, March 4: According to CoinDesk, amid Middle East conflict rattling global equities and commodities markets, Bitcoin surged逆势 to a one-month high, driving a broader recovery in the cryptocurrency market. After falling nearly 50% from its all-time high in October last year, Bitcoin had previously entered an oversold zone. Following the outbreak of this latest major conflict—during which traditional assets plummeted significantly—BTC demonstrated relative resilience, reinforcing its short-term “safe-haven narrative.” Market analysts attribute this rally primarily to three factors:
1. The “fiat depreciation” thesis has reemerged: Escalating Middle East tensions are intensifying global fiscal pressures, potentially fueling expectations of further monetary easing and deficit expansion—thereby strengthening the “fiat depreciation” narrative and prompting some capital reallocation into digital assets.
2. Expectations of de-escalation in the Middle East: Although the U.S. government has not officially responded, reports suggesting potential de-escalation have bolstered market confidence that the conflict may not spiral out of control long-term, supporting a recovery in risk-asset sentiment.
3. The CLARITY Act is nearing passage: This legislation aims to clarify the legal status of stablecoins, delivering a positive catalyst for the crypto market.
