Macro-economic Trends 744

Bitcoin climbed back above $107,000 after a sharp weekend decline caused by rising Israel-Iran tensions, marking its first recovery in four days. The initial downturn saw BTC drop to $103,000, with over $1 billion in crypto positions liquidated. However, by Monday, investor sentiment shifted, with top cryptocurrencies like Solana, Ethereum, and Cardano posting gains. Analysts suggest Bitcoin’s rebound may be driven by broader macroeconomic factors, including rising oil prices and strong bond yields, rather than short-term relief. On-chain data also indicates capital rotation from altcoins into Bitcoin, potentially setting the stage for further BTC growth later in the year. Despite the rebound, Bitcoin remains in a consolidation phase, with $100,437 acting as a key support level.