Summary
Bitcoin gained 3% on Monday after dropping to $61,300 due to geopolitical tensions over the weekend. Analysts believe market sentiment improved after an announcement of a temporary halt in hostilities in the Middle East. The upcoming bitcoin halving could trigger a “sell the news” reaction. Altcoins like Render (RNDR) and Ondo Finance’s ONDO also saw gains on Monday, with RNDR jumping 19% and ONDO climbing 18% in the past 24 hours.
Key Points
1. Bitcoin gained 3% on Monday after dropping to as low as $61,300 over the weekend, with the drop attributed to geopolitical tensions in the Middle East.
2. Market sentiment improved after an announcement regarding a temporary halt in hostilities among the involved nations, leading to the increase in Bitcoin’s price.
3. Altcoins such as Render (RNDR) and Ondo Finance’s ONDO also saw gains on Monday, with RNDR jumping 19% and ONDO climbing 18% over the past 24 hours.