Bitcoin holds near $75,000 as ETF inflows support price amid geopolitical uncertainty
Synopsis
Bitcoin hovered around $75,000 on Thursday. Markets watched for developments in the U.S.-Iran conflict. Cryptocurrencies like Bitcoin and Ethereum saw gains. Institutional demand provided support, with Bitcoin spot ETFs recording significant inflows. The $75,000 level remains a key resistance point. The global crypto market capitalization increased.
Bitcoin traded near $75,000 on Thursday as markets awaited clearer signals on the U.S.–Iran conflict. The cryptocurrency was at $74,903, up 0.77% over the past 24 hours.
Ethereum rose 1.18% in the past 24 hours to trade at $2,358. Among major altcoins, XRP, BNB, Solana, Tron, Dogecoin, Hyperliquid, and Cardano rallied up to 4.77%.
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Akshat Siddhant, Lead Quant Analyst at Mudrex, said that while retail investors remain cautious, institutional demand continues to provide support, with Bitcoin spot ETFs recording over $411 million in net inflows, helping absorb selling pressure.
Crypto TrackerTOP COINS (₹) XRP131 (3.52%)BNB58,295 (1.82%)Ethereum219,963 (1.7%)Bitcoin7,001,658 (1.46%)Tether93 (-0.02%)
He added that the $75,000 level has acted as strong resistance in recent months, capping rallies since February. A decisive breakout above this zone could open the path toward $80,000–$84,000.
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The global crypto market capitalisation rose 0.84% to $2.54 trillion, according to . Market sentiment remains neutral, with the Crypto Fear & Greed Index at 43. The market cap continues to hold above $2.42 trillion, said the CoinDCX Research Team.
Over the past week, Ethereum and Bitcoin have gained 8.28% and 5.77%, respectively. Among major altcoins, XRP, BNB, Solana, Tron, Dogecoin, Hyperliquid, and Cardano gained up to 16.70%.
Bitcoin is trading near $75,000, sustaining a firm uptrend above key moving averages. Momentum indicates continued accumulation and healthy positioning, while near-term price action remains supported by favourable macro cues and steady institutional participation, reinforcing market-wide confidence, according to the WazirX Markets Desk.
Market perspective
Vikram Subburaj, CEO, Giottus
The move has been supported by improving global risk appetite, aided by softer crude oil prices and easing near-term geopolitical tensions. The recovery is encouraging, though it still appears more like a controlled repricing than the start of an aggressive breakout.
Riya Sehgal, Research Analyst, Delta Exchange
Bitcoin’s push toward the $75,000–$76,000 range highlights strong underlying demand, particularly from institutional and long-term participants. At the same time, visible profit-taking and repeated resistance rejections suggest the rally may pause before attempting further upside.
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CoinSwitch Markets Desk
BTC followed a familiar pattern overnight, climbing close to $76K before slipping back to $73,900 as strong resistance held again. While the move looked promising, it lacked the strength to break through. Still, the overall setup remains positive.
Funding rates have been negative for 46 days, indicating many traders are positioned against BTC, which could fuel a sharp rally if prices rise. Bitcoin dominance remains steady at 58.5%, underscoring its control over the market. With volatility tightening, $75K remains the key level to watch for either a breakout or another rejection.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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