Bitcoin Rebounds as Markets Price in 'Short-Lived' Iran Conflict
Summary
Bitcoin rose above $101,000 after initial weekend losses due to U.S. and Israeli airstrikes on Iranian nuclear sites. The market reaction was muted, with gold reaching $3,398 before settling at $3,374, and oil rising 0.5%. The strikes targeted Fordow, Natanz, and Isfahan, prompting Iran to retaliate with missile and drone attacks. Despite tensions, markets stabilized as traders anticipated a short-lived conflict. Bitcoin's volatility reflected increased risk appetite. Iran's foreign minister visited Moscow for consultations, while President Trump paused further military action. European leaders called for restraint and diplomacy.
