$BTC

Bitcoin started the week positively by rising above $106,000 in the early hours of the week. This rise was highlighted as a recovery effort after the sharp declines that followed the escalating tensions between Iran and Israel over the weekend. Bitcoin is trading at $106,669, up 1% in the last 24 hours.

The high volatility experienced over the weekend was triggered by Israel’s attacks on nuclear facilities in Iran. Some analysts believe that such geopolitical uncertainties could cause short-term declines in Bitcoin, but investors generally view crypto as a “hedge asset” against geopolitical risks.