New Delhi, June 23 -- Bitcoin rebounded late Sunday, climbing back above $101,000 after earlier weekend losses, as investors reacted to U.S. and Israeli airstrikes targeting Iranian nuclear facilities.

The world's largest cryptocurrency gained alongside gold and oil futures indicating that traders anticipate a limited conflict rather than a prolonged geopolitical crisis.

Other cryptocurrencies also reacted in a similar manner. Although Bitcoin experienced a sell-off at the peak of the weekend news, traders made a comeback as risk appetite grew.

The U.S., in coordination with Israel, conducted an operation involving over 125 aircraft and bunker-buster bombs, targeting facilities at Fordow, Natanz, and Isfahan.

On Sunday, Bitcoin fell b...