Bitcoin is showing strength even as global markets face rising tension. Conflicts involving Iran, complicated oil and gas trade routes, and a 70% surge in European gas prices have increased uncertainty. Meanwhile, South Korean stocks fell another 12% today. Despite this, Bitcoin has moved back above $71,000, supported by five straight days of inflows into spot Bitcoin ETFs. Buying activity is also rising, with Binance’s buy-to-sell ratio reaching 1.18, the highest this year. Strong buying pushed volumes above $1 billion per hour, helping BTC break higher. If inflows and buying pressure continue, Bitcoin could see further short-term gains.
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