Bitcoin nears $72,000 as spot BTC ETF inflows extend despite risks from US-Israel war with Iran

Bitcoin surged toward the $72,000 threshold as institutional demand for spot Bitcoin Exchange-Traded Funds (ETFs) showed no signs of slowing down. Despite the intensifying geopolitical tensions in the Middle East involving Israel and Iran—and the potential for U.S. involvement—the cryptocurrency market has maintained a strong bullish momentum. Analysts point to the sustained net inflows into major funds like BlackRock’s IBIT and Fidelity’s FBTC as a primary driver for the price action. While traditional risk assets often face sell-offs during periods of international conflict, Bitcoin is increasingly being viewed through a dual lens: both as a high-growth tech asset and a potential hedge against currency debasement. However, market experts warn that a direct military escalation could still trigger short-term liquidations as investors move toward the safety of the U.S. dollar and gold. For now, the crypto market remains focused on supply-side dynamics and the growing footprint of Wall Street in the digital asset space.

Source: Bitcoin nears $72,000 as spot BTC ETF inflows extend despite risks from US-Israel war with Iran