Bitcoin and the wider crypto market have staged a powerful recovery after a sharp decline triggered by escalating conflict between Israel and Iran, which rattled global markets.After briefly dipping below $100,000, bitcoin has surged to over $107,000, nearing its all-time high of around $112,000. The rebound has renewed bullish sentiment, with investors viewing the swift bounce as a sign of maturing market resilience. Gadi Chait, head of investment at Xapo Bank, noted that bitcoin’s V-shaped recovery within 48 hours reflects its growing role in diversified portfolios and its potential as a safe-haven asset, despite its historical volatility.
Adding to the momentum is a surprise endorsement from former President Donald Trump, who predicted “massive” crypto investment, marking a significant shift in tone that has resonated with markets. Meanwhile, attention is turning to a potential legislative breakthrough in Congress that could “unleash” trillions in capital, possibly fueling further gains in digital assets. Investors are also closely watching Federal Reserve chair Jerome Powell’s upcoming testimony, which could influence monetary policy and market direction. The convergence of geopolitical tensions, shifting political narratives, and looming economic decisions has set the stage for heightened volatility—but also opportunity—across the crypto landscape.