इजराइल पर ईरान के हमले के कारण आई तेज गिरावट से बिटकॉइन में उछाल आया।

Bitcoin rebounds from sharp slump triggered by Iran's attack on Israel.

Bitcoin has bounced back from its most significant drop in over a year, hinting at potential volatility across various asset markets as investors consider the implications of escalating military tensions in the Middle East. The leading cryptocurrency surged by 3.9% to $64,400 as of 8:50 a.m. in London on Sunday, following an earlier spike of 8.3%. Other smaller cryptocurrencies such as Polkadot and Uniswap saw gains of over 10%.

In response to a strike in Syria that claimed the lives of top Iranian military officials, Iran launched drone and missile attacks against Israel, escalating the conflict in the region to a perilous new level. With these events unfolding while most traditional markets were closed, cryptocurrency traders found themselves among the first responders to a significant geopolitical development. David Lawant, Head of Research at FalconX, noted, "More investors than usual might be choosing to express their market views through crypto."

As tensions escalated, traditional stock markets experienced declines on Friday, while safe-haven assets like bonds and the dollar saw increased demand. Coinglass data revealed approximately $1.5 billion in bullish crypto wagers via derivatives were liquidated over Friday and Saturday, marking one of the most significant two-day liquidation events in the past six months.

Ebtikar remarked that leverage "has become overwhelmed in the last three days, causing significant price declines" in digital assets. Middle Eastern stock markets were predominantly in negative territory on Sunday, with Israeli equities relinquishing earlier gains to trade slightly lower.

The possibility of a significant military confrontation between Israel and Iran raises questions about the perceived safe-haven status of Bitcoin and other cryptocurrencies during times of conflict, an assertion often championed by proponents of the asset class. Comparisons are drawn to the market reaction during Russia's invasion of Ukraine in early 2022, which coincided with a prolonged downturn in cryptocurrencies throughout the year.

Bitcoin has retreated from its mid-March peak of $73,798. While the introduction of dedicated US exchange-traded funds in January propelled the token to an all-time high, recent net inflows into these products have tapered off. Crypto enthusiasts are anticipating the upcoming Bitcoin halving, which will halve the token's new supply and is expected around April 20. While historical precedent suggests the halving tends to bolster prices, doubts loom over whether a similar outcome will occur this time, given Bitcoin's recent peak.

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