Bitcoin surged past the $104,000 threshold following eased tensions between Iran and Israel, sparking a robust technical rebound across cryptocurrency markets. The de-escalation in geopolitical friction boosted investor confidence, driving significant capital flows into digital assets.
Corporate treasury adoption played a pivotal role in amplifying the rally, with Sequans Communications announcing a strategic $384 million Bitcoin investment and Japan’s Metaplanet acquiring an additional 1,111 BTC. These large-scale acquisitions demonstrate heightened institutional commitment to Bitcoin as a reserve asset.
Technical indicators reinforced the bullish momentum, with Bitcoin’s Relative Strength Index (RSI) signaling renewed buying pressure and underlying market strength. The influx of corporate capital may enhance market stability despite ongoing retail dominance in wallet distribution.
Market analysts maintain a positive outlook for Bitcoin, contingent on sustained geopolitical stability and continued institutional investment. The convergence of macro-political developments and corporate treasury strategies is reshaping Bitcoin’s profile as a maturing institutional asset class.