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Bitcoin Back Above $62K as Crypto Market Calms After Reports of Limited Damage From Israeli Attack

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Iran's first strike on Israel pushed down crypto and risk assets, while leading to a spike in gold.

came back over $62,000 as the market recovered after reports of limited damage from an Israeli strike on Iranian military targets.March Zheng, a managing partner at Bizantine Capital, said that the next threshold for bitcoin is $55,000, should market turmoil continue.

“If there is a panic sell for bitcoin due to war-related news, it would still be a good buying opportunity,” added Jun-Young Heo, a derivatives trader at Presto, in a Telegram message. Major stock indices in Asia are also down, with Hong Kong's Hang Seng index down 3.5%, Japan's Nikkei 225 down 6.5%, and Taiwan's TAIEX down 5%. U.S.

"All of the recent retracements, including this one, are in line with historical halving drawdowns; the only difference and consideration is the uncertainty of the macro landscape ahead, which will create additional volatility to come," he added.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.

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