Bitcoin rebounded to the $63,000 level after a sharp slide. The move is seen as investors' preference for risk asset improving on hopes of easing tensions in the Middle East.
As of 8 a.m. on the 9th, on CoinMarketCap, a virtual asset market tracker, Bitcoin was at $63,555, up 1.17% from 24 hours earlier.
On the 5th, Bitcoin at one point fell below $60,000. It is down 52.7% from the record high of $126,210 set on Oct. 6 last year.
Ethereum is in transaction at $2,712, up 2.33%. Ripple rose 1.96% to $1.17, and Solana climbed 2.15% to $67.2, respectively.
The rise in virtual asset prices appears to be due to a recovery in investor sentiment following easing Middle East tensions. As news spread that Israel and Iran, which exchanged fire over the weekend, had decided to halt additional attacks, risk asset preference recovered somewhat.
U.S. stocks in New York also rebounded as bargain hunting flowed into last week's sharply sold-off technology and semiconductor shares.