Bitcoin jumped 8% to as much as $73,777, its highest level in a month.
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Bitcoin jumped 8% to as much as $73,777, its highest level in a month, as investors rotated back into risk assets following easing fears about the potential impact of the war in Iran on global energy markets.
Bitcoin is surging as global markets rebound and President Donald Trump reinforces his support for the digital assets sector in its intensifying confrontation with traditional Wall Street banks.
Nigel Green, the CEO of global financial advisory giant deVere Group, said, “The Bitcoin rally reflects two powerful forces aligning at once: improving risk sentiment across global markets and renewed political backing for crypto from Washington.
“The original and most influential crypto is responding to a combination of macro relief and political support. Markets had been rattled by concerns the Iran conflict could deliver a prolonged shock to energy markets and global growth. As those fears eased, investors moved back into risk assets and crypto is often the fastest responder when sentiment turns," he said.
Bitcoin had fallen sharply from its October peak near $125,000 before rebounding in recent sessions as broader market sentiment appears to improve.
“Crypto markets react rapidly to changes in global risk appetite, but they also respond to regulatory direction,” Green said.
Last week, before the latest relief rally, and looking beyond mid-2026, Green said that he sees the potential for Bitcoin to exceed its previous record high before the year concludes.
“Once momentum re-establishes, fresh all-time highs are achievable before year-end,” he stated. “The prior peak is not a permanent ceiling.”
Green said that volatility remains intrinsic to digital assets but argues that cyclical corrections have historically preceded renewed expansion phases.
“The key issue is whether structural adoption has stalled,” he said. “Our assessment is that it has not. Institutional infrastructure is broader, deeper and more resilient than at any point in Bitcoin’s history. For now, the Bitcoin bulls seem to be back in charge,” he said.
BUSINESS REPORT