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Bitcoin holds up after Iran strike, outpacing equities in risk-off session: Crypto Markets Today

CoinDesk
Bitcoin rebounded near $66,500 after strikes on Iran caused $300 million in liquidations, outperforming falling equities.

Summary

Bitcoin traded around $66,500 following U.S. and Israeli strikes on Iran that killed the Supreme Leader, triggering about $300 million in long liquidations. This risk-off environment saw traditional havens like gold, silver, and oil surge, while U.S. equity index futures declined significantly. Bitcoin demonstrated resilience compared to the S&P 500 and Nasdaq 100 futures, suggesting contained forced selling and a relatively stable market positioning despite the geopolitical tension. While derivatives show a slightly bearish bias, volatility indices remain within recent ranges. In altcoins, select DeFi tokens like MORPHO, JUP, AAVE, and LDO posted gains, though the WLFI token extended its significant decline.

(Source:CoinDesk)