Bitcoin Reclaims $68,000 as Middle East Tensions Cool

Market sentiment improved as signs of de-escalation between the U.S. and Iran lifted risk appetite, helping Bitcoin snap its five-month losing streak and climb back above $68,000. Macro & Markets: BTC is up about 6% over the past three days, while ETH advanced toward $2,100. Even so, broader sentiment remains in the "fear" zone. Attention now turns to U.S. March nonfarm payrolls due Thursday (April 3), a release that could reignite volatility. Institutions & Products: Spot Bitcoin ETFs recorded more than $110 million in net inflows yesterday, pointing to renewed institutional participation. Moody's also assigned a Ba2 rating to a bitcoin-backed bond for the first time, seen as a notable step linking crypto assets with traditional bond markets. Regulation & Security: Hong Kong's stablecoin licensing timeline has slipped. Approvals previously expected in March are now anticipated to resume after April. Separately, the CFTC warned it will pursue strict enforcement against insider trading in prediction markets and urged platforms to address compliance risks. Technology & Sectors: Binance founder CZ said quantum computing does not currently pose a threat, noting the industry can migrate to quantum-resistant algorithms if needed. Sector performance was mixed: AI tokens fell nearly 10%, while RWA and DePIN segments posted gains. Trading view: Prices may stay range-bound into the payrolls release. Weaker data could lift rate-cut expectations and support crypto, while stronger data may curb the rebound. Short-term traders are watching resistance around $70,000. The live stream is currently focused on trading the current setup and applying technical indicators. Disclaimer: The above reflects the author's personal views and is provided to help investors understand relevant capital market information. It is not investment advice and does not represent the official position or viewpoint of AiCoin. Investing involves risk; please exercise caution.