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Bitcoin holds near $63,000 as US-Iran tensions flare

Ether rose 0.75% to about $1,755, while Nasdaq 100 futures gained 2.6% alongside the crypto rebound.

Reported · Written up by our desk · Market Structure

Crypto prices stayed firm despite renewed Middle East tensions, with bitcoin up 1.2% to around $63,000 and ether adding 0.75% to about $1,755, CoinDesk reported. The move came as U.S. airstrikes targeted 90 Iranian military targets, according to U.S. Central Command.

CoinDesk said crypto tracked strength in U.S. markets, noting Nasdaq 100 index futures gained 2.6% over the prior 24 hours even as tensions between the U.S. and Iran escalated. Markets initially sold off on the news, but crypto “remained resilient” and rebounded from oversold conditions.

The outlet reported bitcoin is up about 9% since the end of June, and that several altcoins have outperformed on the month. CoinDesk cited altcoin moves including lighter (LIT) up 5.6% and ether.fi (ETHFI) up 8.5% on Thursday, extending monthly gains to roughly 35%.

CoinDesk also pointed to continued selectivity in altcoin exposure, with its Altcoin Season indicator ticking up to 47 out of 100, while investors appear to hold back from broader risk until the biggest tokens show a more decisive recovery. It added that altcoin strength followed a mid-week lull earlier in the week.

Latest closeBitcoin $63,409.10 ▼0.7%|Nasdaq Comp. 24,876.91 ▼0.2%

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