Crypto Market Bounces Back After US-Israeli Strikes on Iran

The cryptocurrency market has shown resilience in the face of geopolitical uncertainty, with Bitcoin and XRP prices rising after a turbulent weekend marked by US-Israeli strikes on Iran.

According to reports, Iranian Supreme Leader Ali Khamenei died during the coordinated strikes, which were confirmed by US President Donald Trump. The incident sparked regional retaliation, but the market mood has since stabilized, with Bitcoin price gaining 3% and XRP rising above $1.40 momentum in the last 24 hours.

The wider crypto market also bounced back, with total value increasing to $2.31 trillion. Ethereum held steady around $2,000, while other major cryptocurrencies such as Solana, Dogecoin, and Cardano recorded small gains.

However, despite the current inflows of ETFs and positive technical outcomes supporting the Bitcoin and XRP prices, uncertainty remains a concern for market participants. The vulnerability to geopolitical shocks is highlighted by the rapid price fluctuations experienced during the weekend's events.