Bitcoin rose to $63,000 and broader cryptocurrency markets showed resilience on Thursday, rebounding alongside Nasdaq futures despite escalating U.S. military airstrikes against 90 targets in Iran.

Key Points

• Bitcoin climbed 1.2% to $63,000, while ether and other major assets recovered from a mid-week market lull.
• Altcoins LIT and ETHFI surged 5.6% and 8.5% respectively, extending their monthly gains to approximately 35%.
• U.S. Central Command confirmed strikes on 90 Iranian military targets following the collapse of a ceasefire agreement.
• Crypto futures volume dropped nearly 20% to $191 billion, signaling investor caution regarding leveraged bets amid geopolitical volatility.
• CoinMarketCap’s Altcoin Season indicator remains range-bound at 47/100 as traders await a more decisive recovery from major digital assets.

Why it Matters

The market's ability to rally despite significant geopolitical instability suggests a decoupling from traditional risk-off behavior during military escalations. This resilience highlights shifting investor sentiment as crypto assets attempt to stabilize following a difficult second quarter marked by institutional capital outflows.