Bitcoin experienced significant volatility amid geopolitical tensions between the U.S. and Iran, swinging from under $68,000 to nearly $72,000 before stabilizing around $71,000. Major altcoins like Ethereum and Solana saw strong gains, while other cryptocurrencies like Bittensor (TAO) and Fetch.ai (FET) were among the day’s biggest performers. In stark contrast, the SIREN token plunged by over 70% from its all-time high recorded just days prior.
Bitcoin endured a volatile trading session driven by developments in the U.S.-Iran conflict. The asset traded as low as $67,500 before rebounding sharply above $71,000.
It first fell after a warning from former President Donald Trump, then rallied on news of a potential de-escalation deal. Immediate reports from Iran denied these claims, saying there were no negotiations between the two parties.
Meanwhile, several larger-cap altcoins charted impressive gains. Ethereum rose 6% to over $2,150, while Solana climbed above $90.
Bittensor (TAO) emerged as the top daily performer, skyrocketing past $300 after a 17% surge. It was joined by Aptos (APT), Fetch.ai (FET), LayerZero (ZRO), and Render (RNDR) in posting double-digit increases.
In contrast, the SIREN token plunged by over 70% from its all-time high marked just 36 hours earlier. The token now struggles to remain above the $1.00 level.
The total cryptocurrency market cap added nearly $100 billion in a single day. Data shows the total valuation now stands above $2.5 trillion.
