Bitcoin’s price has been heavily impacted by the developments on the Israel-Iran front, as the asset plummeted below $60,000 last night before it soared to $65,000 after the latter reportedly said there would be no retaliation soon.It was a week ago when Bitcoin suddenly dumped from over $70,000 to $65,000 after the US Fed’s comments about the interest rates. A day later, the cryptocurrency slumped to $61,000 as Iran fired shots against Israel.
The asset managed to recover some ground on Monday, but that was short-lived. The overall bearish sentiment continued, and BTC failed to register any substantial gains. Just the opposite, it wasto a multi-week low of just under $59,500. However, Bitcoin reacted well and regained almost all losses rather immediately. It even surged to $65,000 minutes ago amidThis is all you need not to miss any price action in the raging crypto markets.
Solana, Toncoin, and ICP are the top performers from the larger-cap alts. SOL has soared by almost 10% and sits above $140, TON has neared $7 after a 17% daily surge, while ICP’s 10% gain has pushed it to $13.The rest of the altcoins are also in the green, albeit in a more modest fashion. This has helped the total crypto market cap gain about $100 billion on a daily scale. As a result, the metric is up to $2.430 trillion on CG.