Leading cryptocurrencies experienced stability on Sunday, as the war between Iran and Israel kept financial markets on alert.

The price of Bitcoin rose to $106,000 in the early hours of the morning before retreating to around $105,000.

The price of Ethereum fell below $2,500 in the late afternoon, but quickly reversed, continuing to hover around the $2,540-$2,550 range.

Both assets stabilized in June after last month's increase, with Bitcoin rising by 0.53% and Ethereum by 0.92%.

More than $218 million was liquidated from the cryptocurrency market in the past 24 hours, with long liquidations amounting to $161 million. However, over $250 million in short positions are at risk of liquidation if Bitcoin rises to $107,000.

Open interest for Bitcoin increased by 0.18%, matching the trajectory of the spot price. The majority of Binance traders continued to expect a downturn for Bitcoin, according to the sell/buy ratio.

Greed continued to dominate market sentiment, according to the Crypto Fear and Greed Index.

The global market capitalization of cryptocurrencies reached $3.28 trillion, after a slight increase of 0.24% over the past 24 hours.

29508971991