Cryptocurrency prices are broadly recovering despite the escalating United States (US)-Iran war. Bitcoin (BTC) has increased to trade above $72,000 at the time of writing on Friday, reflecting improving sentiment for the crypto asset class. Altcoins, including Ethereum (ETH) and Ripple (XRP), are showing signs of extending their recovery, with ETH hovering above $2,100 and XRP above $1.42.

Bitcoin extends recovery despite US-Iran war tensions

The war in the Middle East has entered its 14th day, with the United States (US) and Israel still striking Iranian targets. Despite the US President Donald Trump saying that the war will end “soon,” a ceasefire seems like a long shot at the moment, especially with Iran intensifying strikes on…