Crypto markets have continued to defy expectations, sustaining gains amidst a backdrop of improving geopolitics. The combination of reduced uncertainty and stable policy conditions has created an environment conducive to risk-on positioning.
This shift is evident across global financial markets, with equity indices in the United States and Europe posting gains. Similarly, cryptocurrencies have benefited from this trend, as investors increasingly seek higher-yielding assets. Bitcoin remains above $70,000, while Ethereum trades near $3,800, reflecting steady inflows and reduced volatility.
The correlation between crypto markets and macro sentiment has strengthened in recent quarters, driven by increased institutional participation. Derivatives markets indicate sustained bullish positioning, with open interest in Bitcoin futures remaining elevated and funding rates staying positive. Spot exchange-traded funds have also recorded net inflows, underscoring the role of institutional flows in driving prices.