The recovery comes after a sharp selloff that began when US and Israeli forces attacked Iran on Saturday, a development that briefly pushed Bitcoin down to about $63,038 that day. Since then, flows appear to be returning to the sector, with spot Bitcoin exchange-traded funds in the US attracting more than $680 million in combined inflows on Monday and Tuesday, according to data compiled by Bloomberg. Some market participants suggest the renewed demand may indicate that investors are again exploring digital assets as a possible hedge during periods of geopolitical stress.

Still, the broader backdrop remains fragile. The conflict between Israel and Iran moved into its fifth day on Wednesday with continued airstrikes and missile exchanges, while volatility across financial markets has remained elevated. Bitcoin has gained around 9% since Friday while gold has slipped nearly 2% over the same period, though analysts caution that the recovery in digital assets could prove temporary given the uncertainty surrounding both geopolitical developments and wider market conditions.
source: https://www.tradingview.com/news/gurufocus:1b5474ccf094b:0-bitcoin-jumps-5-7-toward-71-890-as-crypto-markets-rebound/