Bitcoin Defies War Volatility: Crypto Proxies Surge as BTC Reclaims 100 Million KRW Level
Market Overview: Crypto Resilience Amidst Geopolitical Tension Despite the rising uncertainty fueled by conflict between the U.S. and Iran, the digital asset market has shown remarkable resilience. Bitcoin (BTC) has successfully reclaimed the psychologically significant 100 million KRW (approx. $71,400) mark, triggering a broad rally in cryptocurrency-related equities. This recovery is driven by a combination of dip-buying, a rebound in the U.S. stock market, and a massive short squeeze in the futures market. BTC Recovery: Reclaimed 100 million KRW level after a five-day slump, signaling strong support at lower price ranges. Circle (USDC) Surge: Shares of Circle jumped over 15% following better-than-expected earnings and news of AI-integrated payment projects. Institutional Accumulation: MicroStrategy continues its aggressive buying spree, adding 3,015 BTC to its massive treasury. What Happened? Key Drivers and Stock Movements On March 2nd (local time), Circle (C) closed at $96.14...