Bitcoin Recovers to $102K Amid Continuing Crypto Market Uncertainty

The cryptocurrency market is enduring increased volatility, demonstrated by high liquidation levels across the derivatives market. Bitcoin has bounced back to over $100K, but the broader market remains unstable due to macroeconomic and geopolitical influences. Tensions between Israel and Iran, with the US's involvement, have caused disruption in international markets, including crypto.

Bitcoin's price dropped below $100,000 for the first time since May, hitting a low of around $98,000. However, it has since rebounded to just under $102,000. Despite this, the market remains volatile and uncertain. In addition, altcoins' performance has been mixed, with some recovering better than Bitcoin, while others continue to lose value. The best-performing cryptocurrencies of the day include Story (IP), Sonic (S), and KAIA, while Mantle's MNT and Bitget Token (BGB) have not capitalized on the recovery.