The #Bitcoin dropped below US$64,000 following the attacks by the US and Israel against Iran, but it recovered around US$5,000 in 24 hours to around US$67,000/US$68,000. The volatility caused liquidations of about US$657 million in long and short positions.

Despite the rapid recovery, BTC remains trapped in a lateral range for three weeks. The latest surge also comes after a difficult month for the asset. Markets are now dependent on whether the conflict in the Middle East escalates or stabilizes, which could determine BTC's next move.