Bitcoin is worth more than it has been in a month.Image: keystone
Mar 16, 2026, 4:11 p.mMar 16, 2026, 4:11 p.m
The cryptocurrency Bitcoin continues to recover. At the beginning of the week, the blockchain currency is heading back towards the $75,000 mark and is trading at its highest level in over a month.
This means that the “crypto reserve currency” has increased by around 4 percent compared to the previous day and is around 7.6 percent higher in a weekly comparison. Meanwhile, the traditional financial markets, which previously weakened due to geopolitical uncertainties in the form of the war in Iran and persistently high oil prices, are also attempting to recover.
“Steadfast” despite the war
This means that the price is still “steady” a good two weeks after the start of the Iran war, writes Sandra Brekalo from Crypto Finance. Under the surface, however, the picture can be viewed in a more differentiated way.
As far as inflows into the Bitcoin spot ETFs, which are particularly popular among institutional investors, there are also signs of easing, according to Brekalo. Last week, over $580 million flowed into the investment vehicles.
Cryptocurrencies Bitcoin and Ether (symbolic image).Image: Shutterstock
Ether in plus
Other large blockchain currencies are also on the rise. For example, the second largest cryptocurrency in terms of market capitalization, Ether, recorded an increase of almost 10 percent compared to the previous day and is around 25 percent higher in a weekly comparison at just under $2,300.
According to Brekalo, the Iran conflict is likely to keep risk sentiment in check for the time being. According to the analyst, Bitcoin’s ever-higher lows for some time remain a “constructive feature in the current environment”. (sda/awp)