Bitcoin strengthened on Monday, recovering some of its recent losses after the renewed Iran-Israel conflict undermined risk appetite and briefly sent the world's largest cryptocurrency to a weekly low.
Prices for other cryptocurrencies also followed Bitcoin's rise, clawing back losses. However, risk appetite remained under pressure from the Iran-Israel conflict, after both sides exchanged a series of devastating strikes over the weekend.
After falling to $102,000 over the weekend, Bitcoin rose by 1.16% to $106,820 by 10:04 Moscow time.