Hassan Maishera
TL;DR
-
BTC briefly topped the $79k level on during the early hours of Monday but has now retraced to trade around $77k.
-
The Crypto Fear & Greed Index rose to 47, returning to the “Neutral” zone from “Extreme Fear” last month.
Bitcoin Climbs Above $79,000 Amid 'Subdued' Geopolitical Tensions
Bitcoin and Ethereum led gains across major cryptocurrencies on Monday, tracking a broader risk-on tone as geopolitical tensions remained subdued and investor sentiment stabilized.
Bitcoin rose 2% over the past 24 hours to trade around $79,110 late Sunday, while Ethereum gained 3% to hover near $2,388.
Analysts attributed crypto’s strength to a combination of steady institutional demand and improving technical positioning.
While commenting on the market conditions, Dominick John, an analyst of Zeus Research, told The Block that,
"Crypto's upside is being driven by steady ETF inflows and a structural breakout above key technical levels, reinforcing a strong underlying bid. At the same time, subdued geopolitical tensions have eased risk-off sentiment, with the Fear & Greed Index shifting from fear toward neutral."
U.S.-listed spot Bitcoin ETFs recorded $823.7 million in inflows last week, marking a fourth consecutive week of positive flows, highlighting sustained investor demand.
LVRG Research director Nick Ruck also noted that the market conditions are bullish, adding that the rally reflects renewed risk appetite, technical strength, and repositioning after reclaiming key levels.
However, he cautioned that traders are closely watching whether Bitcoin can decisively hold above the $80,000 to $83,000 range to sustain further upside.
Bitcoin has also lost its gains and is now trading at $77,779, down by less than 1% in the last 24 hours.,
Macro factors remain in focus. Markets are looking ahead to the Federal Reserve’s upcoming interest rate decision, alongside a wave of major tech earnings, as potential catalysts for the next move.
Furthermore, geopolitical developments appear to be having a diminishing impact on crypto markets. Over the weekend, U.S. President Donald Trump canceled a planned diplomatic mission to Pakistan involving envoy Steve Witkoff and Jared Kushner for discussions related to Iran. Despite the headline, Bitcoin maintained its upward trajectory.
Presto Research’s Min Jung believes that narratives surrounding U.S.-Iran tensions have largely been absorbed by the market, with investors showing signs of fatigue and limited reaction to such developments.
