The leading digital asset has demonstrated resilience, posting a gain of around 2.4% in the past 24 hours following a period of bitcoin price drop, with its value reaching $66,000. This upward movement comes as global equities also show signs of recovery, caused by uncertainty sparked by fears of escalating conflict in the Middle East.

André Dragosch, the Head of Research at ETC Group, noted a significant shift last week in the global digital asset hedge fund beta, along with a dominance of bitcoin long futures liquidations. However, he emphasized that the digital asset has rebounded from the losses experienced due to geopolitical tensions, particularly in light of the recent bitcoin…

Read more on bitcoinnews