The cryptocurrency ATOM saw a significant drop of 9%, plummeting from $4.43 to a low of $4.02, coinciding with a broader market sell-off following Israel's bombing campaign in Iran. This decline reflects heightened volatility amid regional tensions. ATOM found critical support at approximately $4.04 before stabilizing around $4.08. Despite pressures on altcoins, Bitcoin has emerged as a potential safe haven, increasing by 54% over the past year to a market cap of $2.08 trillion. Analysis of trading activity revealed a peak volume of 2.8 million ATOM during the crisis, with a recovery effort leading to a new support zone between $4.08 and $4.09 being established. This indicates the formation of a potential short-term bottom, amid strong buyer interest at current levels.

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