According to a Bloomberg report, Bitcoin and Ethereum have significantly increased in value amid a general rise in the cryptocurrency market.
Bitcoin has shown better performance during the conflict with Iran compared to many traditional assets. In March, its price rose by more than 12%, while gold decreased by about 5%.
Today, the price of Bitcoin increased by 3.7%, reaching $74,416. At 7:30 AM London time, it was trading at approximately $73,800.
Digital assets demonstrated even more impressive results. Ethereum surged by 7.4% to $2,287, nearly doubling Bitcoin's growth. Solana and XRP increased by 6.2% and 4.9%, respectively.
“Despite geopolitical uncertainty, there was an optimistic atmosphere in the cryptocurrency market last week… Breaking the $75,000 mark now seems quite possible, as both retail and strategic buyers believe that the worst of the cryptocurrency decline is behind us,” said Caroline Moron, co-founder of Orbit Markets.
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