Key facts
- Bitcoin, XRP, and Dogecoin prices increased as US-Iran technical talks are set to continue.
- US airstrikes targeted 90 Iranian military targets, but markets showed resilience.
- Oil prices, US Treasury yields, and the US dollar index declined, boosting crypto and Asian stocks.
- Bitcoin rose above $64,000, with total futures open interest climbing to over $47 billion.
- XRP held near $1.11 and Dogecoin traded at $0.074 amid positive sentiment.
Cryptocurrencies, including Bitcoin, XRP, and Dogecoin, experienced a notable recovery as technical talks between the United States and Iran were confirmed to proceed, despite escalating Middle East tensions. Following U.S. airstrikes on Iranian targets, which initially caused market jitters, the continuation of diplomatic discussions provided a boost to risk assets.
Oil prices eased, the US 10-year Treasury note yield fell to approximately 4.54%, and the US dollar index declined towards 100.5 on Friday. This macroeconomic backdrop contributed to a significant jump in Asian stock markets and the prices of major cryptocurrencies. Bitcoin climbed above $64,000, marking a nearly 4% increase over the preceding two days, with its futures open interest rising to over $47 billion. XRP held steady near $1.11, and Dogecoin saw a more than 2% pump to $0.074.
The situation remains tense, with reports indicating Israel has new intelligence about an Iranian assassination attempt against President Trump. Earlier, Kuwait, the UAE, and Bahrain reportedly conducted coordinated strikes against Iran with U.S. intelligence support, following alleged Iranian attacks on several Middle Eastern nations. Meanwhile, prominent Democrats criticized President Trump's handling of the situation, accusing him of initiating a "dangerous and illegal war" by disregarding congressional votes.