Turbulence began on Saturday: after strikes by the US and Israel on targets in Iran, Iran's Supreme Leader Ayatollah Ali Khamenei was killed. Bitcoin dropped below $64 000, and the total market capitalization of the crypto market collapsed by approximately $128 billion — forced liquidations were massively wiping out positions on derivative platforms. However, the recovery was very quick. As soon as Iranian media confirmed Khamenei's death, expectations of de-escalation played a role, and the Bitcoin rate soared above $68 000 on very low volumes. A new crash occurred when Iran responded with a barrage of rockets and drones targeting Israel, the UAE, and Bahrain — by Sunday evening New York time, the rate fell below $66 000 again. By the time Asian markets opened on Monday morning, Bitcoin held around $66 543, with the daily range boundaries at $65 149 and $68 043. Over 24 hours, trading volume exceeded $43.6 billion — activity remains high in the market. Traders have restructured their positions ahead of the US market opening.
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Turbulence began on Saturday: after strikes by the US and Israel on targets in Iran, Iran's Supreme Leader Ayatollah Ali Khamenei was killed. Bitcoin dropped below $64 000, and the total market capitalization of the crypto market collapsed by approximately $128 billion — forced liquidations were massively wiping out positions on derivative platforms.
However, the recovery was very quick. As soon as Iranian media confirmed Khamenei's death, expectations of de-escalation played a role, and the Bitcoin rate soared above $68 000 on very low volumes. A new crash occurred when Iran responded with a barrage of rockets and drones targeting Israel, the UAE, and Bahrain — by Sunday evening New York time, the rate fell below $66 000 again.
By the time Asian markets opened on Monday morning, Bitcoin held around $66 543, with the daily range boundaries at $65 149 and $68 043. Over 24 hours, trading volume exceeded $43.6 billion — activity remains high in the market. Traders have restructured their positions ahead of the US market opening.