Crypto Markets Rebound Amid Ongoing Middle East Tensions

Crypto markets rebounded on Thursday after a sell-off due to geopolitical tensions in the Middle East. Bitcoin rose and tested short-term resistance at $63,000 as the US and Iran continued to exchange fire.

Ethereum pares losses around $1,750 as bulls aim for a short-term breakout above $1,800. Despite Ripple's broader bearish outlook, XRP trades near $1.10 resistance, up from its short-term support range between $1.05 and $1.07.

The US military said it hit 90 targets along the Iranian coast overnight. Iran's Revolutionary Guard reported that they launched attacks on US military bases in Kuwait and Bahrain.