After diplomatic negotiations between the United States and Iran, the U.S. ordered a five-day suspension of airstrikes on Iran, significantly boosting market risk appetite, and the price of Bitcoin broke through the $70,000 mark over the weekend.
Since the U.S. and Israel launched airstrikes on February 28, Bitcoin has increased by about 30%, once approaching $72,650; meanwhile, gold prices have fallen by about 2%, dropping below $4,300 per ounce. Last week, Bitcoin spot ETFs had a net inflow of $94.5 million, in stark contrast to the outflows from some gold funds.
BTCUSDT
Perp
68,252
+1.41%
Currently, analysts are closely watching the key level of $72,000. If it can hold above this level, the market may open a bullish path toward $75,000.