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Bloomberg: Bitcoin, which trades around the clock, has become the most liquid asset for expressing macroeconomic views when other markets are closed.
Svmuu News: As tensions escalate between the U.S., Israel, and Iran, traders are turning to cryptocurrency exchanges for round-the-clock hedging.Oil-linked perpetual contracts on Hyperliquid rose approximately 6.2% to $70.60 per barrel, while gold and silver perpetual contracts rose more than 5% and 8%, respectively, reaching $5,464 and $97.50 per ounce.Silver perpetual contracts saw over $400 million in trading volume over the past 24 hours, while gold contracts traded nearly $140 million. U.S. stock index contracts on the platform fell by 1% to 2%.The conflict in Iran triggered a safe-haven sell-off in the crypto market, with Bitcoin briefly falling 3.8% to $63,038 before stabilizing near $64,000; ETH briefly fell 4.5% to $1,836.According to CoinGecko data, the total market capitalization of digital assets evaporated by approximately $128 billion following the outbreak of the conflict.Jake Ostrovskis, Head of OTC Trading at Wintermute, noted that because Bitcoin operates 24/7, it has become the most liquid asset for traders to express macro views when other markets are closed, and more asset classes are moving toward round-the-clock trading.Charlie Ambrose, co-founder of Felix, said this was yet another weekend of 24/7 price discovery via perpetual contracts on Hyperliquid, which is expected to drive a macro shift in how global markets operate.
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