Bitcoin jumps past $70,000 as war volatility fades
CoinDesk
Bitcoin recovered above $70,000 as geopolitical volatility eased and strong institutional demand supported the market.Summary
Bitcoin rebounded above $70,000 after briefly dipping to around $65,000 over the weekend, driven by stabilizing energy markets as crude oil retreated from surges caused by fears in the Strait of Hormuz. Market maker Enflux noted Bitcoin's resilience, stating it held up better than equities during the initial risk-off wave. Institutional support remained strong, with U.S. spot bitcoin ETFs drawing significant net inflows last week, pushing cumulative inflows past $55 billion. While on-chain indicators suggest stabilization, analysts note that conviction has not fully returned, though prediction markets have turned more bullish, with odds for BTC hitting $75,000 in March increasing significantly.
(Source：CoinDesk)