Bitcoin price rebounds to $73,000 amid Middle East turmoil
Bitcoin (BTC) rose again and breached the $73,000 level on Wednesday (5 March 2026), as heavy flows into crypto exchange-traded funds (ETFs) and rising hedging sentiment amid the Middle East conflict supported prices. Data show BTC climbed about 8% to above $73,000, its highest in about a month. The move followed more than $680 million flowing into spot Bitcoin ETFs on Monday and Tuesday. Analysts said the money flow signals institutional investors see Bitcoin as a hedge amid geopolitical tensions. One analyst noted that institutions are treating Bitcoin as a hedge against geopolitical crises, even as protection against potential inflation in the future. The price rise came as global markets were rattled by volatility stemming from the Iran conflict. Fears of a rise in oil prices triggered by the crisis could again push inflation, weighing on stock markets. In the past five days, Bitcoin has risen about 11%. Previously, the crypto asset had slipped to around $63,000 after US and Israel strikes on Iran, but recovered later the same day. Sean Farrell, head of digital assets at Fundstrat, said Bitcoin’s relative strength in the face of soft equities and rising volatility opens the door to further near-term gains. ‘Crypto resilience amid weak equities and rising volatility keeps the door open for a short-term rally,’ Farrell said. He also highlighted President Donald Trump’s social media post urging Congress to push ahead with cryptocurrency legislation in Washington. In his Truth Social post, Trump urged banks to negotiate with the crypto industry regarding the Clarity Act, which aims to clarify which federal agencies oversee different segments of the crypto markets. ‘Banks are posting record profits, and we will not let them block our strong crypto agenda, which could ultimately flee to China and other countries if the Clarity Act is not promptly resolved,’ Trump wrote. Analysts said that if negotiations continue, it could be a positive catalyst for the crypto industry.