Crypto Market Volatility: Weekend's Global Events Spark Price Fluctuations

The cryptocurrency market has been through a tumultuous period, marked by intense volatility over the weekend. This was largely triggered by the US and Israel's attack on Iran, followed by the country's retaliatory strikes against other nations in the Middle East.

Bitcoin's price took a hit initially, dropping from $67,000 to $63,000 within hours of the initial attacks. However, it quickly rebounded to over $68,000 after reports surfaced that Iran's Supreme Leader had been killed in the strikes. This rally was short-lived, and Bitcoin now trades below $67,000.

The market capitalization of Bitcoin has returned to its pre-attacks level, standing at $1.335 trillion. Its dominance over altcoins remains high, with a value above 56%.