Bitcoin rose above $100,000 as markets reacted to U.S. airstrikes on Iranian nuclear sites, with oil and equities showing minimal changes, indicating expectations for a contained conflict. Following the strikes, Bitcoin recovered from a significant dip below this mark during a weekend sell-off that impacted a total of over $600 million in long positions across the crypto market. Analysts attributed the fluctuations to heightened uncertainty in the Middle East, suggesting that traders expect the geopolitical situation to stabilize soon. Meanwhile, Ethereum and other cryptocurrencies also saw substantial liquidations, with Ethereum alone facing $296 million in liquidations. The market capitalization of all cryptocurrencies dropped to $3.25 trillion, reflecting a 4.4% decline. Despite the volatile environment, industry experts noted an eventual recovery in trader confidence could potentially bolster prices again if tensions ease between the U.S. and Iran.

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