Bitcoin Made a Comeback Affected by Geopolitical Tension

Bitcoin rebounded as acute geopolitical tension eased after earlier sparking steep drops in cryptocurrencies.

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Bitcoin came back over $62,000 as the market recovered from losses.

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Bitcoin halvings historically bolstered the price of the largest digital asset.

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Ongoing Israel-Iran violence could lead to a “general risk-off sentiment across crypto,” said Stefan von Haenisch, head of trading at OSL SG Pte.

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Traditional havens such as bonds, gold, and the dollar trimmed gains, while stocks and US equity futures came off session lows.

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