Ignoring Geopolitical Tensions! Bitcoin Stages "Independent Rally" - Attracting $1.3 Billion Against the Trend, Eyes on $75,000 Level

CryptoTimes Financial APP reports that Bitcoin rose during Asian trading hours on Monday, while other markets remained lukewarm. Traders continue to navigate the uncertainty surrounding the Middle East situation.

This oldest cryptocurrency surged as much as 3.7% to over $74,400, with other digital assets posting even larger gains. The second-largest cryptocurrency, Ethereum, rose as much as 6.9%, while Solana and Ripple increased by 6.1% and 4.7%, respectively.

Since the outbreak of the Iran conflict in late February, Bitcoin has outperformed many traditional assets. Gold prices have fallen 4.9% this month, while Bitcoin has gained 12.5%.

“Despite geopolitical uncertainties, cryptocurrencies have maintained a bullish sentiment over the past week,” said Caroline Mauron, co-founder of Orbit Markets. “It’s very likely we’ll see a break above $75,000, as retail and strategic buyers believe the worst downturn for cryptocurrencies is behind us.”

Fund flows into exchange-traded funds (ETFs) seem to indicate renewed institutional confidence. Last week, 12 U.S.-listed spot Bitcoin ETFs saw net inflows of over $763 million, marking the third consecutive week of inflows. Since March, total net inflows have reached $1.3 billion.

“BlackRock’s IBIT accounts for about 78% of these flows, reflecting conviction buying rather than speculative rotation,” said Rachael Lucas, analyst at BTC Markets.

Although Bitcoin has historically been a speculative bet, in the past two weeks, during geopolitical tensions, it has behaved more like a macro hedge. Previously, U.S. President Trump called on countries to help reopen the key trade route, the Strait of Hormuz. As Bitcoin surged on Monday, oil prices pared earlier gains.

Jeff Mei, Chief Operating Officer of BTSE, also pointed out that Iran’s statements about closing the Strait of Hormuz only to “enemy” ships suggest that only U.S. and Israeli vessels would be threatened.

“If the conflict seems close to resolution, Bitcoin could rebound very quickly, returning to $100,000,” Mei said. “If the conflict drags on, Bitcoin could fall back to $60,000.”