BTC/USD: Bitcoin Rebounds as Traders Scoop It Up After Weekend Dip Takes Prices Below $100,000

OG coin got its confidence shaken up after the US bombed Iran’s nuclear sites. Monday looks a lot better with prices regaining that key $100,000 level.

💡 Bitcoin Prices Stage Comeback

• Bitcoin prices BTCUSD flipped back in the green paint Monday morning after a weekend trip took them South by as much as 6%. The surprise attack by the US military on Iran’s nuclear sites on Saturday pressured the only megacap asset that’s trading on the weekend. Stock futures were doing relatively well.
• Understandably, the price of Bitcoin dipped to levels near $98,000 on Sunday as panicking traders had to log back in and hit the sell button. It wasn’t that bad, considering the magnitude of the event and the sensitivity of crypto to geopolitical risk.
• By early Monday, the token was back above the $100,000 handle and charting a session high of $102,000 a piece. Where’s it heading next? It depends on where the Middle East conflict goes next.

🔥 US Bombing Jolts Crypto

• The US bombed three Iranian nuclear sites on Saturday, essentially entering the war between Israel and Iran. Now it seems that eerie quietness has settled as crypto traders, market bros and the whole world wait for the Islamic Republic to respond. And the question is — retaliation or peace?
• “There will be either peace, or there will be tragedy for Iran far greater than we have witnessed over the last eight days,” Donald Trump said late on Sunday as he invited Iranian leader Ayatollah Ali Khamenei to participate in peace talks. Or risk making things worse.
• While we wait, the two sides keep on throwing missiles and launching attacks — a couple of days after Israeli PM Netanyahu thanked Trump for his decision, he announced more strikes against Iran. Iran’s Khamenei posted on X that Israel “made a grave mistake,” but didn’t mention the US.

👀 What Else Is Going On?

• In the meantime, crypto assets are looking into a busy week. Fed’s chief Jay Powell is slated to address the Senate in a two-day testimony. He’ll be shedding light on interest rates and the economy broadly and his words are expected to move markets left and right (in usual Powell style).
• In other corners of the crypto markets, the price of Ethereum ETHUSD was lower by about 2% Monday, at $2,240, and off by roughly 15% in the past week as looming uncertainty has swept up high-risk assets.
• Solana SOLUSD was also in the red by 15% week-on-week to float around $130 a piece. XRP (XRP/USD) was hanging in there with a 7% weekly drop to gravitate toward $1.00.