Bitcoin retreats from $71,700, ICP jumps on Upbit listing: Crypto Markets Today
Bitcoin fell near $69,500 amid Iran war concerns, while AI tokens like ICP and FET surged due to market demand and positive news.Summary
Bitcoin experienced a pullback, trading near $69,500 after failing to sustain gains above $71,750, influenced by geopolitical tensions surrounding the U.S.-Israel war with Iran. Most altcoins followed suit, with ZEC and AAVE experiencing losses. However, AI tokens bucked the trend, with Internet Computer (ICP) jumping over 8% following a listing on Upbit, and FET rising 6% after bullish commentary from Nvidia CEO Jensen Huang. Over $220 million in crypto futures were liquidated, primarily long bets. Despite the price drop, open interest hasn't significantly increased, suggesting limited shorting. Market sentiment is slowly improving, moving from “extreme fear” to “fear” as crypto outperforms other assets since the start of the Iran conflict.
(Source：CoinDesk)