Grayscale, a cryptocurrency asset management firm, stated that the recent tensions in the Middle East and soaring oil prices have created a wait-and-see atmosphere in the market, with investors temporarily avoiding risky assets. Bitcoin has experienced significant volatility since the escalation of the conflict, but has generally remained within a range, demonstrating relative resilience. Grayscale believes that if the situation eases and energy prices fall, the market could quickly return to a favorable environment. In the long term, the fundamentals of the crypto market remain solid, including the continued growth of stablecoins and tokenized assets. The total supply of stablecoins has increased from approximately $20 billion in 2020 to approximately $315 billion in 2025, and the current period of uncertainty may provide long-term investors with opportunities to position themselves for the next round of growth. (CoinDesk)