[Bitcoin Rebounds as Inflation Concerns Intensify Due to Iran Conflict] Bitcoin rebounded from earlier losses after U.S. President Trump and Israel launched military strikes on Iran over the weekend. In a report, Stephen Coltman of 21shares stated that although risk-off sentiment is unfavorable for Bitcoin, the cryptocurrency tends to benefit from inflation concerns as Middle East conflicts drive oil prices higher. He said: 'Given that Bitcoin also benefits from higher inflation expectations, it is reasonable to see its price rebound over the weekend.' According to data from the London Stock Exchange Group, Bitcoin rose 0.4% to $65,948 after falling overnight. Ether slipped slightly by 0.1% to $1,926.8.