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Bitcoin Climbs Over $72,000 with 6% Gain Amid US-Israel-Iran Tensions
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Bitcoin Soars Past $72,000 Amid Middle East Tensions & Strong ETF Inflows
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News18
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05-03-2026, 14:36
Bitcoin Soars Past $72,000 Amid Middle East Tensions & Strong ETF Inflows
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Bitcoin surged nearly 6% to over $72,000, reaching $72,651, driven by escalating US-Israel-Iran conflict.
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The cryptocurrency's market cap jumped 5.95% in 24 hours, hitting $1.5 trillion, with BTC briefly touching $74,000.
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Sathvik Vishwanath of Unocoin attributes the rally to institutional participation, steady ETF inflows, and improving global risk sentiment.
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Akshat Siddhant of Mudrex notes improved regulatory sentiment from Trump's CLARITY Act push and continued ETF absorption of supply.
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Institutional capital via spot Bitcoin ETFs has significantly changed the crypto market, offering traditional investors easier exposure.
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