As CryptoPotato reported earlier, the BTC price fell back below the important $60K level. This came following reports of explosions occurring close to Isfahan near the airport of this Iranian city.

The reports were sourced from FARS a semi-official news agency in the country, which cited local sources.

Now, however, it was reported by Spectator Index that a senior official from Iran has said there are no plans for immediate retaliation.

BREAKING: Iranian official tells Reuters there are no plans for retaliating against Israeli strike

The market took the news positively, with Bitcoins price skyrocketing toward the $65K level, marking a recovery upwards of 8% compared to the previous lows.

Source: CoinGecko This story is developing.