Bitcoin dips 5% in thin Asia session, rebounds to $66K as tariffs and Iran tension spur risk-off Clickable image
ORCID iD icon https://orcid.org/0009-0009-1599-2739

Bitcoin dips 5% in thin Asia session, rebounds to $66K as tariffs and Iran tension spur risk-off



Bitcoin steadied around $66,000 on Monday after a sharp, short-lived sell-off during Asia hours that highlighted how quickly crypto can swing in thin markets.

Brief volatility snap
– Shortly after midnight UTC, BTC slid more than 5% from roughly $65,892 to about $64,270. By 11:00 UTC the flagship coin had recovered to roughly $66,300, leaving the market broadly stable for now.

Macro moves drove risk-off flows
– The bout of volatility tracked moves in U.S. equities: S&P 500 futures opened lower and fell about 0.84% on Sunday evening before beginning to recover about five hours later.
– At the same time, safe-haven metals surged: gold futures jumped to their highest level since Jan. 30 on Sunday evening and then trimmed some gains during European hours, with silver following a similar pattern.
– Traders attributed the shift toward havens to headlines about U.S. President Donald Trump’s plan to impose new 15% global tariffs and reports of increased U.S. military deployments near Iran — both of which pushed risk assets lower and prompted flows into safer stores of value.

Altcoins hit by low liquidity
– Smaller tokens were hit hardest in the low-liquidity overnight window. Solana (SOL) and Sui (SUI) each tumbled roughly 7–8% before recovering in European hours.
– According to CoinGlass, the moves contributed to about $270 million in liquidations across altcoins.

Bottom line
– The market calmed after the spike of volatility, but the episode underlines how macro headlines and thin liquidity windows — especially during Asia trading hours — can produce outsized swings across crypto. Traders should monitor geopolitical news and liquidity conditions for near-term risk.

Read more AI-generated news on: undefined/news

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *