Bitcoin Surges Near $70K as Gold Struggles Amid Geopolitical Tensions

The global financial markets are experiencing a significant shift in asset allocation, with cryptocurrency prices soaring while gold struggles to maintain its value.

According to recent data, Bitcoin's price has risen to near $70,000, marking a substantial increase from its previous levels. This surge is attributed to the growing confidence of investors in cryptocurrencies, particularly large-cap tokens like Bitcoin and Ethereum.

The inflow of funds into spot Bitcoin ETFs in the US has been a key factor contributing to this trend. In February 2026, a net inflow of $507 million was recorded, with BlackRock IBIT products accounting for a significant portion of this amount.

As investors increasingly turn to cryptocurrencies, gold is experiencing pressure due to geopolitical tensions and trade tariff issues. Despite the rising uncertainty, the precious metal's price remains below its January record near $5,600.