Bitcoin advanced to a six-week high as investors rotated back into riskier assets on signs that market turmoil tied to the Middle East conflict may be easing. The largest cryptocurrency climbed about 4% to $74,512, its highest level since February 4, before trimming some gains.
Bitcoin remains around 40% below its October all-time high. The move indicates renewed risk appetite in crypto markets, even as prices stay well off their peak.
Analysts caution that gains could be uneven as macro factors continue to influence sentiment, and any renewed tensions could alter the trajectory. Investors will monitor liquidity conditions, institutional flows, and broader crypto market activity for clues about the next move.
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