Crypto Market Extends Recovery Amid Ongoing Geopolitical Tensions

The cryptocurrency market has extended its broad recovery, with Bitcoin (BTC) trading above $66,000 and Ethereum (ETH) maintaining a bullish bias above $1,940. Ripple (XRP) hovers around $1.13, having reclaimed the $1.10 critical level.

The US-Iran conflict has kept market sentiment in check, with West Texas Intermediate (WTI) Crude Oil trading near $82 per barrel after reports of a proposed 10-day pause in strikes to revive the US-Iran deal eased pressure on Monday and early Tuesday.

Despite geopolitical tensions remaining elevated, institutional interest in Bitcoin spot Exchange-Traded Funds (ETFs) has steadied for five consecutive days, with inflows increasing to $227 million on Monday. Ethereum spot ETFs have also seen demand return, with inflows totaling $38 million on Monday, up from last Friday.

Bitcoin's price analysis shows that bulls are attempting to regain control against the prevailing overhead trend structure, but immediate resistance lies at the 100-day Exponential Moving Average (EMA) at $68,109. Ethereum and XRP remain in a corrective phase, with both assets trading below their respective 200-day EMAs.