Summary
TLDR: The crypto market is showing signs of recovery following a weekend crash, with Bitcoin up 3.6% at around $66,610. Other top cryptocurrencies are also up, with Solana leading the pack. The crash was influenced by tensions in the Middle East, but fears of wider escalation have since subsided. Bitcoin also faces upcoming block reward halving and increased volatility in options markets.
Key Points
1. The crypto market is showing signs of recovery following a crash that saw Bitcoin plunge below $63,000 over the weekend.
2. At the time of publication, Bitcoin (BTC) is up 3.6% on the day, trading at around $66,610, but remains down over 7% on the week.
3. The wider crypto market has recovered alongside the price of Bitcoin, with all of the top 20 cryptocurrencies by market cap (excluding stablecoins) up over the past day.