5 Facts Bitcoin is up 7%: As Gold Drops 2% and Nasdaq-100 Weakens

Jakarta, Pintu News – Bitcoin has caught the market’s attention again after showing stronger performance than gold and the Nasdaq-100 amid the Middle East conflict. Arthur Hayes highlights that since the conflict began on February 28, BTC prices have actually rallied around 7%, while gold has fallen around 2% and the Nasdaq-100 has lost 0.5%. These movements have reignited an old debate: whether crypto is now starting to be seen as a new hedge asset, or whether it remains just a risky asset that happens to be outperforming.

1. Bitcoin outperforms as gold and Nasdaq-100 stumble

Amid geopolitical tensions and rising energy prices, Bitcoin has actually outperformed the other two major assets. According to Arthur Hayes’ highlights, BTC is up about 7% since the conflict began, while gold is down 2% and the Nasdaq-100 corrected 0.5%.

This comparison is interesting because gold usually becomes the main safe haven asset when global risks increase. But this time, the market is showing a different pattern, so Bitcoin is starting to be seen not just as a speculative asset, but also as part of a modern diversification strategy.

Also Read: 5 February 2026 CPI Facts: Bitcoin (BTC) Drops, Gold & Stable Inflation Risks You Should Know

2. Bitcoin price stays above Rp1.21 billion

In the report, Bitcoin was trading above US$69,000 and had touched the US$70,000-US$71,471 range. At an exchange rate of 1 USD = IDR 16,945, this price is equivalent to approx:

• US$69,000 = Rp1.17 billion
• US$70,000 = Rp1.19 billion
• US$71,471 = Rp1.21 billion

This price range shows that BTC is still able to stay in the high area even though the macro pressure has not completely subsided. For cryptocurrency investors, the stability in the range signals that market interest in crypto assets has not disappeared.

3. Middle East Conflict and Expensive Oil Are New Tests

The escalating conflict since late February prompted attacks on shipping lanes and energy infrastructure in the Gulf region. This has lifted Brent crude prices above US$100 per barrel, equivalent to around Rp1.69 million per barrel, increasing the risk of global inflation.

Typically, a surge in energy prices would favor commodities like gold. But in this episode, investor fund flows appear more divided as some markets opt for quick liquidity, while others seek long-term hedges, including into crypto assets.

4. Bitcoin May Not Be Officially Safe Haven

While it has excelled in the short term, Bitcoin’s position as a safe haven is still not entirely certain. The article emphasizes that BTC is currently more appropriately seen as an asset that doesn’t always move in line with gold or tech stocks, so its character is somewhere between a risky asset and a hedge asset.

Arthur Hayes himself is not entirely aggressive either. On the one hand, he highlights Bitcoin’s outperformance, but on the other hand, he cautions investors against rushing into momentum, as short-term rallies are not necessarily the start of a truly strong bullish trend.

5. ETFs and Liquidity to Set the Next Course

One of the reasons Bitcoin remains strong is the support from spot ETF inflows and renewed retail interest. Some market observers say BTC’s current movement is still in a consolidation phase, meaning the market hasn’t fully decided on the next big direction.

For investors, it’s not just on-chain signals or crypto sentiment that matters. The dynamics of bond yields, the direction of the US dollar, oil prices, and changes in global liquidity will also determine whether Bitcoin can continue to strengthen or reverse.

Conclusion

Bitcoin’s (BTC) performance, which rose 7% while gold and the Nasdaq-100 fell, shows that the market is undergoing an interesting pattern change. Amidst conflicts, energy pressures, and macro uncertainties, crypto appears to be gaining new space in global investors’ portfolios.

However, the conclusion that Bitcoin has officially become a safe haven is premature. For now, BTC is better understood as a cryptocurrency asset that is sensitive to liquidity, but is also increasingly able to stand on its own when traditional assets do not provide clear protection.

Also Read: 5 Things You Should Know: Can XRP Reach $4 in 2026?

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Mushumir Butt / Blockchain Reporter. Arthur Hayes Bold Bitcoin Statement As Gold and Nasdaq-100 Slip. Accessed March 13, 2026.