Bitcoin Rebounds from $76K Low as Middle East Tensions Ease

The price of Bitcoin has been volatile over the past week, dipping to $76K for the first time in almost two weeks due to the escalation of the Middle East war. However, the cryptocurrency quickly rebounded and is now trading close to $78K.

The breakout from a couple of weeks ago drove BTC's price from under $65K to $80K within days. After hitting resistance at that level initially, it finally managed to surge past it last week, jumping to $81,200 and $81,500 on occasion. However, the bulls were too exhausted and couldn't continue driving the asset north.

ARB's native token has surged by 18.5% today, making it the top performer among altcoins. It now trades close to $0.14 after a 50% increase in the past week.