Instead, it made a round trip. The token fell when news of US strikes on Iran broke, then traded erratically before moving higher. By Monday, it was changing hands higher than pre-attack levels — leaving little durable evidence of either fear or flight.
The move reflects something bigger. After plunging roughly 50% from its peak, Bitcoin’s has been stuck in a narrowed range of roughly $60,000 to $70,000, with much of the leverage having already been forced out since crypto’s meltdown in ...