Bitcoin soared over $72,000 this morning, reaching a one-month high as institutional demand and technical positioning supported the market amid ongoing geopolitical conflict in the Middle East. 

The bitcoin price has recovered from recent lows following six straight weekly losses and five consecutive months of declines.

Yesterday, the Bitcoin price approached $70,000 but did not surpass it. During Asian trading hours on March 4, it broke through that threshold.

Market participants said the rebound reflected traders covering bearish bets and adjusting positions rather than fresh bullish demand. Many had built heavy short positions on fears the Iran conflict would… Read more on BitcoinMagazine