Bitcoin and XRP price moved higher after a turbulent weekend marked by U.S.–Israeli strikes on Iran and rapid regional retaliation. Bitcoin price gained 3% as the market mood stabilized. The token was also indicating a rapid recovery after the sharp decline caused by the conflict.
XRP price also rose, gaining above $1.40 momentum in the last 24 hours. The wider crypto market also bounced back, and total value increased to $2.31 trillion. Ethereum was holding around the $2,000 mark. Solana, Dogecoin, and Cardano recorded small gains. The markets were still afraid during the entire session due to geopolitical uncertainty.
Joint U.S.–Israel Strike Reportedly Kills Iran’s Supreme Leader
Iran’s political landscape shifted sharply on Saturday after reports claimed that Supreme Leader Ali Khamenei died during coordinated strikes conducted by U.S. and Israeli forces.
The news was announced by U.S. President Donald Trump in his Truth Social account. He mentioned that Khamenei was a historic enemy and the strike was successful in its goal. His remarks came out soon after satellite pictures indicated visible destruction of a secured compound in the city of Tehran.
Israeli Prime Minister Benjamin Netanyahu indicated that there were early signs that the Supreme Leader was not able to withstand the impact. Hours of uncertainty in Iran were later ended by Iranian state media confirming his death.
U.S. military authorities in Washington confirmed that three of its military personnel had been killed on the second day of the operation. It was the first U.S. casualty to be reported since the war had commenced.
The Iranian retaliation consisted of a wide-range missile strike that covered local waters and various other states where American bases are located. Initial reports talked about explosions in and around various strategic locations in the Middle East.
Bitcoin and XRP Price Surges as Inflows Grow Across Major ETFs
Bitcoin and XRP price momentum strengthened as easing geopolitical tension lifted overall crypto sentiment. The BTC price increased 3.21% to $67,040, driven by a relief rally and sustained demand by U.S. spot ETFs.
The BTC held above the $66,000 support level, which kept buying interest steady. A sustained inflow trend could help the future Bitcoin outlook approach the $70,000 ceiling in the near term.
Bitcoin ETFs saw net inflows of $787 million in the trading week of Feb. 23 through 27, and the largest gain was made by the BlackRock product.
There was also the XRP funds, which attracted attention and contributed to the addition of $9.55 million within the same period. XRP price gained 4.55% over 24 hours, trading at a range of $1.39 to $1.42.
A move above the $1.40 mark will clear the way to a push to $1.50. The inability to retain $1.30 can be an indicator of the retest of the recent lows.
Source: TradingviewTo sum up, Markets are very vulnerable to geopolitical shocks, and crypto volatility might swiftly resume in case tensions worsen. Despite the current inflows of ETFs and positive technical outcomes supporting the Bitcoin and XRP prices, the uncertainty remains.
Source: https://coingape.com/markets/bitcoin-and-xrp-price-as-us-kills-iran-supreme-leader-is-a-crypto-crash-ahead/
