Following the news of the death of Iran's Supreme Leader Ayatollah Ali Khamenei, Bitcoin surged to $68,000 in early Sunday trading, recovering most of its weekend losses. Amid liquidity shortages, Bitcoin's price jumped sharply from $64,000, reflecting market bets that a leadership vacuum could increase the likelihood of a ceasefire rather than escalate the situation further, prompting funds to flow rapidly into risk assets. Traders are currently closely watching crude oil and stock futures to gauge whether this risk appetite can persist or fade.
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Following the news of the death of Iran's Supreme Leader Ayatollah Ali Khamenei, Bitcoin surged to $68,000 in early Sunday trading, recovering most of its weekend losses. Amid liquidity shortages, Bitcoin's price jumped sharply from $64,000, reflecting market bets that a leadership vacuum could increase the likelihood of a ceasefire rather than escalate the situation further, prompting funds to flow rapidly into risk assets. Traders are currently closely watching crude oil and stock futures to gauge whether this risk appetite can persist or fade.