Bitcoin is on track to close its strongest week since September 2025, rising approximately 8.5% and trading above $71,000.
This rally stands in stark contrast to the broader market, where technology stocks, gold, and U.S. equities have all trended lower recently.
Over the past two weeks since the Middle East conflict began, Bitcoin has gained roughly 13%, outperforming traditional risk assets. BlackRock's iShares Bitcoin Trust approached a one-month high even as the iShares Expanded Tech Software ETF slipped.
On a monthly basis, the asset is up about 7% in March, marking its first positive month since September. U.S. spot Bitcoin ETFs have recorded approximately $1.3 billion in net inflows so far, putting them on track for their first month of net inflows since October.
Despite the gains, market sentiment remains extremely cautious with funding rates indicating bearish positioning. However, analysts suggest Bitcoin is emerging as a leading indicator of macro events. Separately, Bitwise CIO Matt Hougan revisited his long-term thesis that Bitcoin could reach $1 million per coin if it captures a larger share of the global store-of-value market.
