tldrdailynews.com logo

Bitcoin Rebounds After Geo-Political Shock: BTC recovers to around $65k as US-Israel strike Iran roils markets

1 min read
Source: Decrypt
Bitcoin Rebounds After Geo-Political Shock: BTC recovers to around $65k as US-Israel strike Iran roils markets
Photo: Decrypt
TL;DR

Bitcoin briefly fell from about $65,572 to $63,176 overnight after the US and Israel began major combat operations in Iran, but has since rebounded to around $65,051. Ethereum and other major altcoins also slid and then recovered. Crypto liquidations surged to roughly $490 million in the last 24 hours, led by Bitcoin and Ethereum longs. BTC sits about 23% lower than its month-ago level and roughly 50% below its all-time high, with geopolitical turmoil continuing to impact crypto markets.

Topics:businessmarkets#bitcoin#cryptocurrency#geopolitics#liquidations#markets
Share this article
  1. Bitcoin Recovers Following Plunge as US, Israel Begin Bombing Iran  Decrypt
  2. Bitcoin Slides Below $64,000 After Explosions Reported in Tehran  Bloomberg.com
  3. Bitcoin Falls After U.S. and Israel Strike Iran  WSJ
  4. Crypto Market Hedges Iran War Risks With 24/7 Oil and Gold Trading  Yahoo Finance
  5. Bitcoin slides below $64,000 after US and Israel strikes on Iran  The Boston Globe

Want the full story? Read the original reporting

Read on Decrypt