Bitcoin Volatility Soars as Middle East Tensions Rock Cryptocurrency Markets
Bitcoin rebounds from a steep selloff following Iran's attack on Israel, with smaller coins like Polkadot and Uniswap also rallying. The tension hurt stocks and boosted havens such as bonds and the dollar, with about $1.5 billion of bullish crypto wagers liquidated over Friday and Saturday. A significant military escalation between Israel and Iran would test the notion that Bitcoin and other cryptoassets offer a haven in times of conflict, as speculators await the upcoming Bitcoin halving expected around April 20.