Bitcoin Rebounds From Losses Sparked by Geopolitical Tension
- Crypto slid after Israel launched retaliatory strike on Iran
- Report that nuclear facilities safe eased worst of concerns
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Bitcoin rebounded as a bout of acute geopolitical tension eased after earlier sparking steep drops in cryptocurrencies.
The digital asset at one point Friday sank more than 6% to $59,643 but later steadied to change hands at $64,640 as of 10:55 a.m. in New York. Tokens such as Ether, Solana and meme-crowd favorite Dogecoin also stabilized.