Bitcoin Rebound Sparks Altcoin Double-Digit Gains

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Some of the biggest gainers today include FET, APT, and TAO, while SIREN has plunged by over 70% from its all-time high days ago.

Bitcoin went through another volatile trading session yesterday after the latest developments on the US-Iran war front, going from under $68,000 to a multi-day peak of almost $72,000 before it lost some traction.

Several larger-cap alts have charted impressive gains on a 24-hour scale, with ETH going to $2,150 and SOL rising above $90.

BTC’s Latest Volatile Session
After last week’s rejection at $76,000, bitcoin managed to remain at around $74,000 for a day or so before it tumbled below $71,000 in the hours heading to the second FOMC meeting of the year. Its rebound was short-lived as Powell’s hawkish words sent it south once again toward $70,000.

It remained between $69,000 and $71,000 on Saturday, but Trump’s warning to ‘obliterate’ Iran’s power plants if it doesn’t safely reopen the Strait of Hormuz pushed it toward $68,000. Once the futures markets opened on Sunday evening and Monday morning, bitcoin dipped again to under $67,500.

It traded around $68,000 yesterday before Trump announced that the US and Iran had reached some sort of a de-escalation deal and paused all military action against the latter’s power plants. However, immediate reports from Iran denied these claims, saying there were no negotiations between the two parties.


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