Bitcoin rebounded above $ 107,000 after a strong collapse of the weekend triggered by increasing tensions between Israel and Iran.
According to Cryptoslate Data, it is the first time in four days that BTC has crossed this level, showing signs of renewed investor trust.
The slowdown started after Israel launched a surprise strike on June 13, apparently targeting the nuclear infrastructure of Iran and senior military officials. In retaliation, Iran responded with missile strikes on key Israeli cities, especially such as Aviv and Haifa.
The initial strike sent shock waves via the world markets, pushing Bitcoin to around $ 103,000, a hollow of several weeks. More than a billion dollars in cryptographic positions were liquidated during the dive, reporting a brief risk mood on digital assets.
However, the feeling of investors towards digital assets seemed to have changed by Monday morning in the middle of increasing tensions.
Cryptoslate The data show that the 10 main digital assets per market capitalization have recorded gains in the past 24 hours, Solana leading the load with a jump of 9% to $ 157.
Ethereum followed with a gain of 4% to more than $ 2,600, while Cardano also experienced significant gains of more than 3%.
Co -Coin data show that around $ 280 million in positions were liquidated during the rebound. In particular, more than half of these liquidations came from long positions, suggesting that the rapid turnaround took many merchants off guard.
Macro’s feelings promote bitcoin
Despite the climbing of the Middle East conflicts, Bitcoin’s upward movement can be less a little short-term and more on the change in macroeconomic feeling.
Analysts of the 10x Research cryptographic research company suggest that deeper macro-themes could create a fertile ground for the growth of Bitcoin. According to the company, factors such as the increase in oil prices, solid bond yields, mixed labor data and limited directives of the Fed could allow the upper crypto to flourish.
In addition, chain activity suggests a silent rotation of altcoin capital in Bitcoin. These reallocations and support macro signals could prepare the ground for a BTC movement stronger later in the year.
Nevertheless, 10x Research said that Bitcoin remains in a consolidation phase. According to the company, as long as the BTC remains above the level of support of $ 100,437, any short-term decline will probably be limited.
