The digital currency TAO surged by more than 12%, and the price of Bitcoin approached US$72,000

Despite the recent unfolding war in the Middle East, Bitcoin has shown remarkable stability, with the price approaching $72,000 today after a wave of volatility over the past few days.

The currency fell to about $65,600 at the start of the week due to geopolitical events, but rose again, topping $70,000, after U.S. inflation data and statements from U.S. President Donald Trump suggesting the end of the war may be imminent.

Since then, the price of Bitcoin increased and touched the $74,000 level before falling again to $70,000 following the US attack on Iran’s strategic islands.

However, the currency held above this level and made another attempt to break above $72,000 in the last hours.

Bitcoin’s market capitalization is currently around $1.44 trillion, while the currency’s market dominance has risen to 57%.

As for alternative digital currencies, most recorded small gains.

Ethereum has risen above $2,100, while BNB is trading near $660 and XRP is around $1.41.

SOL, DOGE, ADA, TRX and BCH also experienced limited gains.

TAO was the biggest gainer among the major currencies, rising more than 12% and trading near $270.

MNT and ZEC also made significant gains.

Recent price movements have caused the total market value of digital currencies to rise by approximately US$40 billion in one day, to exceed US$2.5 trillion.

Also read:

Cryptocurrency derivatives boom as institutions turn to hedging Bitcoin positions

TOKEN2049 Dubai conference postponed to 2027 due to geopolitical tensions