Bitcoin has surged past 116 million South Korean won, marking its highest level in roughly three months, following an announcement by U.S. President Donald Trump regarding the extension of a ceasefire with Iran.
The price increase coincides with renewed institutional interest in the cryptocurrency market. According to data from crypto analytics firm Sosovalue, U.S.-listed Bitcoin spot exchange-traded funds (ETFs) have experienced four consecutive weeks of inflows, signaling a recovery in institutional capital allocation to digital assets.
Analysts noted that Bitcoin has already surpassed a key psychological threshold of $75,000, suggesting that upward momentum could accelerate compared to previous rallies. The breach of this level is seen as a potential catalyst for further gains, though market participants remain cautious about near-term volatility.
Despite the optimistic outlook, experts warn that geopolitical tensions could reignite, potentially undermining the current bullish sentiment. The sharp recent rise may prompt some investors to take profits, creating short-term downward pressure on prices.
The development underscores how macroeconomic and political developments continue to influence cryptocurrency markets, particularly as traditional financial instruments like Bitcoin ETFs gain broader acceptance among institutional investors.
