Bitcoin, Ethereum Test Key Support Amid Iran Tensions

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APX and HASH have rocketed the most in the past day, while BEAT has dumped by over 20%.

Bitcoin’s price experienced minor volatility over the past 24 hours as the US and Iran exchanged a new wave of attacks, and the asset now struggles to remain above $64,000.

Most larger-cap alts have remained sideways over the past day, aside from ZEC and DEXE. The latter has posted a massive double-digit surge to well over $40.

More Volatility to Come Soon?
The previous weekend was quite similar in terms of price action, as BTC remained sideways between $62,400 and $63,400. Its more impressive leg up followed on Monday when it jumped to $64,000 before it was violently rejected and driven south to $61,200 after Michael Saylor’s Strategy announced its biggest BTC sale to date.

Unlike the developments that took place after the previous Strategy sale, bitcoin actually rebounded almost immediately this time and rocketed to $64,600. However, it was rejected there again and dipped to $61,600 as the US and Iran broke the ceasefire with new attacks against each other in the middle of the week.

The bulls intervened once again and helped the cryptocurrency recover a lot of ground. The culmination came yesterday, when it pumped to $64,700. However, it couldn’t keep climbing and dipped to $63,600 after the latest attacks in the Middle East. It now trades close to $64,000 again, but more volatility is likely to take place later tonight or tomorrow when the legacy financial markets open for trading.

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