PiCK

[Market] Bitcoin rebounds to $68,000 intraday… volatility rises amid Middle East conflict

Uk Jin

Summary

Bitcoin (BTC) regained $68,000 intraday, rising 3.14% from the previous day.
After plunging to $63,000 immediately following U.S. and Israeli airstrikes on Iran, bitcoin climbed on the day to fully recoup the prior day’s losses.
With the Middle East conflict continuing, reports of the death of Iran’s supreme leader were interpreted as having strengthened risk sentiment.

Forecast Trend Report by Period

Bitcoin (BTC) regained the $68,000 level intraday. With the Middle East conflict ongoing, reports of the death of Iran’s Supreme Leader Ayatollah Ali Khamenei were interpreted as having bolstered risk appetite.

As of 11:40 a.m. KST on the 1st, bitcoin was trading on Binance at $68,042, up 3.14% from the previous day. Bitcoin had plunged to as low as $63,000 immediately after the U.S. and Israel carried out airstrikes on Iran the day before, but it has now recouped all of those losses on the day’s rally.

Behind the rise in bitcoin is the news of the Iranian supreme leader Khamenei’s death. U.S. President Donald Trump said on his Truth Social that “Khamenei has died.” Iran’s state broadcaster also reported that it had confirmed Khamenei’s death.

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