Cryptocurrencies rose on Monday as investors monitored the conflict in the Middle East and its potential impact on global markets.
Bitcoin rose 1.5% to $66,296 at 09:32 a.m. Makkah time, after the world’s largest cryptocurrency by market capitalization had fallen to around $63,250 on Saturday amid the attacks.
Ethereum gained 1.62% to $1,950.6, while Ripple held steady at $1.3544. Dogecoin edged up 0.29% to $0.0922.
In this context, Sean Farrell, Head of Digital Assets at Fundstrat, told Yahoo Finance on Sunday that cryptocurrencies’ gains despite escalating geopolitical tensions are a positive sign.
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