Bitcoin rebounded sharply above $68,000 in early Asia trading following geopolitical tensions in the Middle East. The cryptocurrency climbed as much as 2.21 percent after Iran confirmed its supreme leader was killed during a military campaign. Ether, the second-largest token, gained 4.58 percent to trade above $2,000. Crypto markets recovered roughly $32 billion in total market value by Sunday morning, reversing significant losses from the previous day when digital assets shed approximately $128 billion. Traders positioned themselves ahead of the Federal Reserve meeting, with analysts noting that Bitcoin absorbed substantial selling pressure that would normally distribute across equities, bonds, and commodities.
