The crypto market has bounced back after a sharp drop, with $BTC leading the recovery as it regains key levels. The rebound is largely driven by easing geopolitical fears, as Pakistan facilitates peace talks between the United States and Iran, alongside signals that the U.S. has no immediate plans for military escalation.
However, risks remain. The involvement of the Houthis and potential disruptions to key oil routes like the Strait of Hormuz could push oil prices higher, increase inflation concerns, and put renewed pressure on crypto markets.