Cryptocurrency Rebounds as Middle East Tensions Ease

Geopolitical tensions between Iran and Israel caused a brief downturn in the crypto market, with Bitcoin dropping to $60,800, but the market has since shown resilience and rebounded. Analysts attribute the initial dip to fears of war-induced inflation and subsequent forced selling due to high leverage positions. Bitcoin, Ethereum, and Solana have all seen significant rebounds, with Bitcoin trading at $65,170 at the time of reporting. Despite the volatility, experts remain bullish on Bitcoin's near-term performance, citing strong support levels and historical precedents for parabolic runs following black swan events in the crypto market.