Bitcoin price once again surpassed $68,000, the assassination of an Iranian leader triggered market volatility.

In early Asian trading on Sunday, the prices of Bitcoin and other cryptocurrencies rebounded. Prior to this, Iran confirmed that the country's top leader was killed in military actions by the US and Israel. The price of the original cryptocurrency surged by as much as 2.21%, reaching $68,196. At the time of writing, the price was around $67,700, after falling by as much as 3.8% the previous day. Ethereum surged by 4.58%, returning to above $2,000. The cryptocurrency market trades 24 hours a day, and the market was impacted in the hours following the explosion. Iran launched retaliatory actions against multiple locationsincluding Israel, Qatar, the UAE, and Bahrainand threatened more strikes against US bases in Iraq. However, digital assets began to recover in trading on that day, with Bitcoin rising significantly after initial reports of the death of Iranian leader Ayatollah Ali Khamenei. Marcus Thillen, research director at 10x Research, stated, "Traders generally believe that the Iran conflict will not have a serious negative economic impact, and demand for bullish options on Bitcoin has significantly increased recently." He also added that traders are positioning themselves for the upcoming Federal Reserve meeting.