The weekend's geopolitical situation indeed stirred up the crypto market. On Saturday, due to the US-Israel actions against Iran, Bitcoin briefly dropped below $64,000, but rebounded on Sunday, rising over 5% within 24 hours, reaching $66,843. It seems the market is digesting the expectation that the conflict may be shortened.

The reactions of the major cryptocurrencies were more pronounced. Solana surged 10.8%, Ethereum rose 7.5% to recover near the $2,000 mark, which is a very key psychological level for Ethereum. XRP, ADA, and Dogecoin also followed the rebound, with gains between 5% and 7%. It looks like market sentiment suddenly shifted.

But the problem is, this rebound seems a bit fake. Weekend liquidity was already thin, and both Saturday's sell-off and Sunday's rebound happened in this environment. The real test is still ahead—when the traditional markets open and institutional funds enter. If oil prices surge and stock markets plummet, the optimistic mood in cryptocurrencies on Sunday could dissipate.

From a weekly chart perspective, the performance is actually quite mixed. Bitcoin still declined 1.6% during the week, and XRP and Dogecoin were also negative. Only Solana and Ethereum were green this week, with increases of 1.7% and 1.1%, respectively. So whether this rebound can continue depends on the reaction of traditional markets in the next few hours.