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The cryptocurrency ATOM has experienced significant volatility amid growing concerns about the situation in the middle east.
Israel started a bombing campaign in Iran on Friday morning, spurring a market wide sell off.
After falling 9.25% from $4.43 to a low of $4.02, ATOM found critical support around the $4.04 level before stabilizing near $4.08.
While ATOM and other altcoins have faced pressure during this cycle, Bitcoin has positioned itself alongside gold as a potential safe haven, surging 54% over the past 12 months to reach a $2.08T market capitalization.
Technical analysis
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