Bitcoin Surges Above $70,000 Amid Middle East Tensions and ETF Inflows

Bitcoin surged past $70,000 to a one-month high amid escalating Middle East tensions and strong investor interest, supported by over $500 million in inflows into US spot Bitcoin ETFs. Ethereum and Solana also saw notable gains. While some investors view Bitcoin as a digital safe-haven asset during geopolitical uncertainty, recent volatility and ongoing conflict suggest the rally may be temporary. The crypto market experienced significant liquidations alongside this price movement.