Merkle Capital suggests the prolonged Middle East conflict that has driven oil prices above $100 a barrel could trigger a broad sell-off across risk assets, including cryptocurrencies. Bitcoin prices are expected to rebound in the second quarter of 2026, supported by easing geopolitical tensions and a gradual return of risk appetite. However, prolonged conflicts that drive oil prices above US$100 per barrel could trigger a broad sell-off across risk assets, including cryptocurrencies, says Merkle Capital. As risk sentiment improves, capital is rotating out of safe-haven assets, noted Mr Woramet. In such a scenario, investors may liquidate risk assets broadly and move back into cash or safe havens, potentially pushing Bitcoin back towards its cycle lows.

Source: Bangkok Post April 10, 2026 05:14 UTC