Bitcoin, Ethereum, and XRP experienced significant price surges, propelled by heightened geopolitical tensions and substantial institutional capital inflows. Bitcoin climbed 8% to $106,500, Ethereum surged nearly 14% to $2,450, and XRP jumped 9.2% to $2.15. Market analysts attribute this momentum partly to recent geopolitical developments, including actions by the U.S. in the Middle East.
Institutional interest continues to provide strong support, with digital asset investment funds recording inflows for ten consecutive weeks. Last week alone saw $1.24 billion added. Year-to-date, Bitcoin-focused funds have attracted $12.7 billion, while Ethereum funds garnered $2.4 billion.
Notably, institutional appetite for XRP is growing, with firms such as Webus International, Trident Technologies, and VivoPower collectively investing nearly $1 billion into the asset.
Technical analysis reinforces the bullish sentiment. Bitcoin successfully reclaimed the $105,000 support level, and Ethereum decisively broke through $2,400, both indicators signaling renewed investor confidence in the market’s strength.
While geopolitical risks continue to inject volatility, the sustained institutional inflows are viewed as a foundational element for potential growth extending beyond short-term events.