Following diplomatic negotiations between the United States and Iran, the U.S. ordered a suspension of airstrikes on Iran for five days. Bitcoin surged above $70,000 over the weekend, marking a strong rebound in risk-on sentiment. Since airstrikes began on February 28, Bitcoin has risen approximately 30%, approaching $72,650, while gold prices have declined about 2%, falling below $4,300 per ounce. Last week, Bitcoin spot ETFs saw net inflows of $94.5 million, contrasting sharply with outflows from some gold funds. Analysts are currently closely monitoring the $72,000 level, and if this resistance can be sustained and broken through, it could open a channel toward $75,000.

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