Bitcoin Recovers Above $68,000 After Death of Iranian Leader

Bitcoin and other cryptocurrencies rebounded sharply in early Asia trading on Sunday after Iran confirmed that the country’s supreme leader had been killed during a military campaign by the US and Israel.

The original cryptocurrency rose as much as 2.21% to $68,196 following the news. It was trading at around $67,700 at 11 a.m. in Singapore, after dropping as much as 3.8% the previous day. Ether, the second-largest token, gained as much as 4.58% to trade back above $2,000.