Bitcoin prices have shown signs of stabilization following a brief dip below $60,000 late last week.
The cryptocurrency briefly trimmed its gains on news of Israel's retaliatory attack on Iran, but quickly rebounded to trade around $63,000 in Singapore by 10:15 am.
A statement from Strategy Inc. Chairman Michael Saylor has been seen as a positive sign for the market, with some analysts suggesting that he may be buying more Bitcoin.