Since February 28, when the conflict in the Middle East debuted, Bitcoin has seen a price rebound, supported by institutional interest and the support for upcoming favorable regulation from the US.
Bitcoin and crypto’s recent trajectory, despite the geopolitical tensions, shows that they are treated as complementary hedges to traditional assets, rather than purely speculative instruments.
Bitcoin’s rebound, supported by institutional flows
At the moment of writing this article, BTC is trading above $69,000, up by 2% in the past 24 hours.
Since its previous decline to $63,000 levels on February 28, BTC price bounced back, with optimistic prospects ahead.
Institutional interest in BTC continues, and on March 2nd, US-based BTC ETFs recorded positive flows above $225 million, following another day of inflows on March 1st, over $458 million.
Last week, BTC ETFs recorded three days of inflows as well, and February 25 was the day with the biggest inflows since the beginning of last month, over $506 million.
Meanwhile, ETH also surpassed $2,000, and both assets are moving in close alignment with traditional hedges, amidst Middle East tensions.
Digital assets overcome the speculation zone
Bitget’s CMO, Ignacio Aguirre, analyzed the recent rebound of Bitcoin and crypto.
He pointed out that the parallel price action of digital assets with traditional hedges like gold and oil shows that BTC and crypto are treated as complementary hedges rather than simply speculative instruments.
Amidst the ongoing geopolitical tensions, the gold spot price topped $5,400 on March 2nd, before dropping to near $5,040 the next day. On March 4, XAU/USD rebounded above $5,150, TradingView data shows.
Meanwhile, crude oil prices are also on the rise, currently at over $76, up by more than 2% in the past 24 hours, reaching the highest price in over a year.
Bitget’s CMO forecasts that crude oil prices could test $100 if supply risks intensify. The US President, Donald Trump, also highlighted that the Iran war may push oil prices higher, as noted by The Washington Post.
While stocks record volatilty amidst fears of a prolonged war, capital seems to be rotating across risk and opportunity assets. Investors are not retreating, but rebalancing their portfolios instead, as structured capital flows into BTC.
BTC is currently trading alongside traditional safe-haven assets, accelerating the broader narrative of crypto as a strategic component in global portfolio construction, Aguirre stated.
Meanwhile, optimism in the industry also stems from Trump’s latest BTC and crypto support.
Trump pushes for clear crypto market structure
On March 3, the US President posted on his Truth Social account, saying that the Genius Act is threatened by the banks, which is unacceptable, and calling for the implementation of a clear market structure for the industry.
He wrote that the Clarity Act needs to be implemented as fast as possible, and banks should make a good deal with crypto, as this is in the best interest of Americans.
He also highlighted that the crypto agenda will go to China and other countries if clear regulation for the industry is not finalized. His message strengthens the fact that crypto is now a global industry with benefits acknowledged worldwide.
Trump’s son, Eric, also supported crypto regulation, saying that the “big banks” have held a monopoly for years, offering near-zero yields on retail money market accounts.
The “Big Banks”—the very institutions that have held a monopoly and screwed their customers for years, offering near-zero yields on retail Money Market Accounts while crushing low-balance accounts with exorbitant fees—are now doing everything they can to block the Crypto industry… pic.twitter.com/kWXIvt1alK
— Eric Trump (@EricTrump) March 3, 2026
Although it remains in the Extreme Fear zone, the crypto industry should maintain optimism amidst continued institutional support and global adoption.
