Bitcoin price rises 5% in one hour: Here’s why!

Bitcoin prices surged in less than an hour, jumping from $65,000 levels to around $69,000, quickly restoring buyer momentum.

As far as alternative currencies are concerned, there is also a bullish wave, with Ethereum price strongly breaking through the $2,000 mark, Solana price approaching $90, and XRP and BNB prices both rising by more than 4% in an hour.

The past 48 hours have witnessed a dramatic geopolitical escalation, with the United States and Israel launching strikes against Iran and subsequent regional responses.

U.S. President Donald Trump has repeatedly warned that tensions continue and he suggested the conflict could last for weeks, suggesting the main wave has not yet begun.

The sudden rise in the digital currency market could be related to Trump’s speech on the developing situation hours earlier, prompting traders to quickly reposition ahead of any potential developments.

This volatility was clearly reflected in the derivatives market, with liquidations totaling more than $400 million in 24 hours.

While long positions continued to outperform on a daily basis, in the last hour, short positions were closed at around $80 million, while long positions were under $5 million, reflecting a sudden surge in short-term bullishness.

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