Ignore the geopolitical fire! Bitcoin staged an "independent market", bucking the trend and attracting US$1.3 billion in gold, aiming at the 75,000 mark

Bitcoin rose during the Asian trading session on Monday, while other markets remained tepid. Traders continued to grapple with uncertainty over the situation in the Middle East.
The oldest cryptocurrency rose as much as 3.7% to over $74,400, with other digital assets recording even bigger gains. Ethereum, the second largest cryptocurrency, rose 6.9% at one point, while Solana and Ripple rose 6.1% and 4.7% respectively.
Bitcoin has outperformed many traditional assets since the outbreak of the Iran conflict, which began in late February. Gold prices are down 4.9% this month, while Bitcoin is up 12.5%.
"Despite geopolitical uncertainty, cryptocurrencies have been experiencing bullish sentiment over the past week," Orbit Markets co-founder Caroline Mauron said. "A breakout of the $75,000 mark is now very likely, as both retail and strategic buyers feel that the worst of the cryptocurrency's decline is over."