As the cryptocurrency market waits for the Hong Kong Spot ETF decision, Bitcoin is back up.

 As it seems that the United States has dissuaded Israel from launching a counterattack, the market has moved past worries of tensions between Iran and Israel intensifying.

BTC is back above $65,000 as international unpredictability dies down.

Dealers are additionally expecting the endorsement of BTC ETFs in Hong Kong, as most would consider to be normal later Monday or this week.

Bitcoin (BTC) is trading above $65,000, while ether (ETH) is back above $3100 as market volatility has calmed after Iran launched a massive drone and missile attack against Israel that was mostly thwarted by air defense systems.

Bitcoin dropped below $62,000 over the weekend as geopolitical tension shook the markets. However, tension seems to have subsided, and this conflict will not escalate further as the U.S. has ruled out joining an Israeli counter-attack on Iran, according to Al-Jazeera.

Traders on Polymarket give a 4% chance of Israeli military action against Iran by April 15. This is down from nearly 57% in the immediate hours after Iran’s missile attack.