Bitcoin seems to have entered a new bull market unnoticed.
The largest cryptocurrency in the world has gained 20.5% since its February low. Technically, it meets the standard threshold for a bull market.
The gain comes despite escalating tensions between Iran and the U.S., and oil prices nearing $100 a barrel due to Iran’s closure of the Strait of Hormuz.
The gain has also helped Bitcoin post its best week and month since September, showing its ability to remain strong even as other markets struggle amid heightened geopolitical tensions and inflation concerns.
Investment vehicles that are tied to cryptocurrency are also reflecting this momentum.
Bitcoin ETFs See Fresh Inflows
ETFs tied to the cryptocurrency are on track to clock their third straight week of inflows, the longest stretch since July 2025. This week so far, $583 million have flowed into Bitcoin ETFs, according to Bloomberg.
The continued inflows indicate that investors are increasing their exposure to the digital asset, even as the rest of the world becomes more uncertain.
Some of the biggest spot Bitcoin funds, that usually attract trading interest, are BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT). The fund has become one of the biggest vehicles for investors looking to gain exposure to the digital asset through traditional brokerage accounts.
Other leading funds include the Fidelity Wise Origin Bitcoin Fund (BATS:FBTC), as well as the ARK 21Shares Bitcoin ETF (BATS:ARKB), which is backed by Cathie Wood’s investment firm ARK Invest.
Meanwhile, the Grayscale Bitcoin Trust (NYSE:GBTC), which converted from a trust into an ETF in 2024, remains one of the largest vehicles for institutional-style Bitcoin exposure.
Resilience During Geopolitical Stress
Despite geopolitical risks that have raised concerns about inflation and supply disruptions, Bitcoin’s recovery suggests the cryptocurrency may be stabilizing after months of selling pressure.
After its record high above $126,000 in October, it dipped to as low as $63,000 in February.
Various market experts still warn that the cryptocurrency may face some hurdles on its way to further recovery unless the overall market risk appetite improves. Nevertheless, the current data showing a 20% recovery from the February lows, strong weekly performance, as well as the continued ETF inflows, indicate that the narrative for the Bitcoin bull market might be picking up again despite global turmoil.
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