Bitcoin has rebounded above $68,000, ending a five-month losing streak, as easing tensions in the Middle East improved market sentiment. The U.S. and Iran signaled de-escalation, boosting risk appetite and driving Bitcoin up approximately 6% over the past three days. Ethereum also approached $2,100, although the market remains in the "fear" zone ahead of the U.S. March non-farm payrolls data release on April 3, which could introduce new volatility. Institutional interest in Bitcoin is rising, with ETFs experiencing net inflows exceeding $110 million. Moody's has assigned a Ba2 rating to a bitcoin-backed bond for the first time, marking a significant step in integrating crypto assets with traditional bond markets. Meanwhile, Hong Kong's stablecoin licensing process has been delayed, and the CFTC has issued warnings about insider trading in prediction markets. In technology, Binance CEO CZ reassured that quantum computing currently poses no threat to the crypto industry, which can upgrade to quantum-resistant algorithms if needed. Sector performance varied, with AI tokens dropping nearly 10%, while RWA and DePIN sectors saw gains. Traders are advised to watch for resistance near $70,000 as the market may remain range-bound ahead of the payroll data release.
Bitcoin Surges Above $68,000 as Middle East Tensions Ease
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