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Bitcoin surged nearly 6% amid US-Israel and Iran tensions, rebounding to $72,651. Market cap rose to $1.5 trillion. Sathvik Vishwanath cites strong institutional participation.
Bitcoin price has risen 6% to cross $72,000
Bitcoin on Thursday climbed almost 6 per cent amid the worsening situation in the Middle East over the ballistic and drone attacks between US-Israel and Iran. The uncertainty and stretching of the conflict forced investors to direct their money into the popular cryptocurrency.
In the last few days, BTC rebounded to $72,651 after falling below $63,000-mark. The market cap of BTC also jumped 5.95 per cent in the last 24 hours to reach a close at $1.5 trillion.
Sathvik Vishwanath, Co-Founder & CEO, Unocoin said Bitcoin’s recent move toward the $72,000 mark is being supported by a mix of strong institutional participation, steady ETF inflows, and improving global risk sentiment. “Over the past year, the biggest structural change in the crypto market has been the entry of institutional capital through spot Bitcoin ETFs. These products have made it much easier for traditional investors—such as wealth managers, family offices, and institutional funds—to gain exposure to Bitcoin without the operational challenges of holding the asset directly,” he added.
The crypto market is showing strong recovery momentum, with Bitcoin briefly touching $74,000 and Ethereum holding firmly above $2,100, Akshat Siddhant, Lead quant analyst, Mudrex.
“The rally is being supported by improved regulatory sentiment following Trump’s push for the CLARITY Act, alongside steady inflows into Bitcoin ETFs that continue to absorb supply,” he said.
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March 05, 2026, 14:36 IST
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