The crypto market has rebounded after shaking off concerns over escalating tensions between Iran and Israel. Bitcoin (BTC) is now trading above $65,000, while Ether (ETH) has reclaimed the $3,100 level.
The threat of military action between the two countries appears to have subsided, with the U.S. reportedly convincing Israel to hold off on a counter-attack. Traders now see only a 4% chance of Israeli intervention by mid-April, down significantly from earlier estimates.
This calming of geopolitical tensions has helped to stabilize the crypto market, which had been under pressure from factors like the U.S. tax season and the upcoming Bitcoin halving. Looking ahead, traders are anticipating the launch of Bitcoin and Ether ETFs in Hong Kong, which could unlock substantial new demand for digital assets.
