The world’s largest cryptocurrency, Bitcoin, has rebounded strongly following its steepest sell-off in more than a year. This recovery serves as an early indication of potential volatility across global asset markets as investors grapple with the potential consequences of a military escalation in the Middle East.

Bitcoin, the flagship cryptocurrency, experienced a rapid surge of 5.9% during early trading, reaching a trading value of around $64,600 as of 11:40 a.m. in London on Sunday. This substantial increase in value offers hope for traders and investors who witnessed the recent downturn caused by various factors.

With Bitcoin showing signs of recovery, smaller digital coins have also enjoyed substantial gains. Polkadot and Uniswap, for instance, saw their values rally by more than 10%, filling the market with optimism. Moreover, Ether, another prominent cryptocurrency, strengthened by 5% in response to the market momentum.