Iran-Israel Tensions Ease as Crypto Markets Rebound with Bitcoin at $63,080

The geopolitical tensions between Iran and Israel appear to be easing at the margin. The recent exchange of attacks has subsided, resulting in a retreat for crude oil prices after an intraday spike. This moderation in geopolitical risk has led to a rebound in various markets.

Crypto markets have also seen relief, with renewed accumulation signals supporting Bitcoin's rise above $64,000 before it retreated into a consolidation range between $62,500 and $63,000. The key short-term support level for Bitcoin now stands at $62,000.

The US semiconductor index saw a 5.6% increase, led by Intel, Micron, and NVIDIA. Apple's release of Siri AI caused intraday gains but ultimately reversed into a nearly 2% close in the red.