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Bitcoin outperforms gold, S&P 500, strengthens status despite Middle East risk

Bitcoin has delivered stronger returns than traditional safe-haven assets such as gold and the S&P 500 despite geopolitical turmoil, The Crypto Basic reported, citing River Financial data. Since Feb. 28, bitcoin rose 12 percent, while gold fell 16 percent and the S&P 500 dropped 4 percent as Middle East tensions weighed on markets. River Financial data also showed bitcoin outperformed during other bouts of market stress, including U.S.-Iran tensions, the COVID-19 pandemic and Russia’s invasion of Ukraine.