Bitcoin Bounces Back as Risk Appetite Returns Amid Geopolitical Tensions

Bitcoin has rebounded sharply after stabilizing above $70,000, with its price rising to around $72,500 during Thursday's Asian session. This rebound is attributed to a return of risk appetite to global markets, driven by central banks' accommodative policies in response to ongoing geopolitical tensions.

The data shows that nearly $700 million flowed into US Bitcoin exchange-traded funds in March, indicating institutional appetite returning to the market. Additionally, the Crypto Fear and Greed Index has recovered from extreme fear levels during the February crash, suggesting investors are open to taking exposure to digital investments despite ongoing geopolitical uncertainty.

Technically, the price of Bitcoin is recovering from the strong support zone of $50,000-$60,000, with a confirmed break above $75,000 expected to trigger a rally towards $100,000. However, geopolitical tensions may still cause sharp moves in both assets, making gold remain the safer hedge.