Bitcoin fell more than 3.5% to under $67,000 on Tuesday as rising tensions in the Middle East triggered an oil shock and sent investors toward the U.S. dollar. The move reflected a broader risk-off shift that hit crypto alongside equities.
The dollar surged after U.S. strikes on Iran, reaffirming its role as a crisis-era safe haven as markets turned risk-averse. Emerging-market currencies, including MNT, faced pressure amid a broader flight to safety.
A US-led Board of Peace affiliated with former President Donald Trump has begun talks on a dollar-pegged stablecoin to help restart Gaza’s shattered economy. The plan aims to restore payments and cash flow after banking services and physical cash movements were disrupted.
The IMF finds stablecoins are increasingly integrating with the U.S. dollar financial plumbing rather than displacing traditional banks, tying crypto payments into existing dollar-based networks. This shift raises fresh regulatory and systemic considerations for policymakers and banks.
On Jan. 27 HSBC told clients to adopt an aggressive risk-on posture — overweight equities, high-yield, emerging-market debt and gold, underweight government bonds, investment-grade credit and oil — and flagged a weak dollar as a catalyst that could lift Bitcoin (BTC).
ECB chief economist Philip Lane warned political pressure on the Fed could raise U.S. term premiums and unsettle the dollar’s global role; investors are increasingly eyeing Bitcoin as a non-sovereign alternative.
The IMF cautioned on Dec 10, 2025 that USD-pegged stablecoins can drive currency substitution and speed capital outflows in emerging markets, posing risks to monetary stability. The fund urged closer monitoring and policy responses.
Belarusian President Alexander Lukashenko said cryptocurrencies could help reduce global reliance on the US dollar, presenting digital assets as a tool for monetary diversification.
Bitcoin tumbled to $100,800 on Nov. 12, down about 4.2% in 24 hours as the dollar strengthened, triggering over $610 million in liquidations, before bouncing back to roughly $103,000 early the next day.