I noticed that Bitcoin has made a strong rebound over the past 24 hours, reaching $72,890. The truce between the United States and Iran has removed a good deal of geopolitical uncertainty, oil has crashed by nearly 16%, and this has eased inflation fears. When this happens, cryptocurrencies tend to rise, and indeed Ethereum, Solana, and XRP have performed even better, with gains of more than 5%. The CoinDesk 20 index has outperformed everything.

That said, part of this rally has been driven by traders closing short positions, resulting in the liquidation of $431 million in shorts over 24 hours. When this happens, the market often moves slowly while waiting for new demand. Today, the debut of Morgan Stanley’s ETF Bitcoin is also expected, which could further push institutional inflows and support the rally. This crypto ETF represents another important step toward institutional adoption of the sector.

From a technical standpoint, the price has broken above the 50-day moving average, so we could see a push toward $76,100. But I remain cautious: the truce is temporary, oil remains about $30 higher than it was before the conflict, and the ceasefire depends on how Iran manages the Strait of Hormuz. If institutional demand from these new crypto ETFs continues to flow, the gains could consolidate. Otherwise, $65,000 could become a support zone to monitor.