How Policy Shifts, Geopolitical Tensions Are Reshaping the Bitcoin Trade

In brief

• Bitcoin is up about 6.8% in 24 hours to $72,800, though it remains about 42% below its October all-time high following a months-long downturn.
• Nearly $700 million flowed into U.S. spot Bitcoin ETFs across Monday and Tuesday, reversing four months of steady outflows, according to BTC Markets.
• Analysts are hopeful developments including Kraken’s access to Federal Reserve payment rails and renewed legislative momentum in Congress could signal a structural turning point for crypto.