Bitcoin Surges to Fresh Two-Month High Near $77,000 as Geopolitical Relief and ETF Inflows Fuel Rally

Bitcoin has climbed sharply to around **$77,000**, marking a fresh two-month high as easing US-Iran tensions continue to support risk appetite in global markets. Iran's announcement that the Strait of Hormuz remains fully open for commercial shipping during the ceasefire has helped lower crude oil prices, reducing inflationary concerns and boosting investor sentiment across risk assets.

Spot Bitcoin ETFs recorded strong inflows last week, with over **$1.1 billion** in net buying — the highest weekly figure since January. This institutional demand, combined with a significant short squeeze exceeding **$500 million** in liquidations, has driven the recent breakout. Ethereum is also gaining, trading near **$2,370**, while the total crypto market capitalization has reclaimed the **$2.7 trillion** level.

Analysts are closely watching whether this momentum can push Bitcoin toward the key **$80,000** psychological resistance in the coming days. However, upcoming US inflation data and any developments in the ceasefire talks could introduce fresh volatility. For now, the improved macro environment and steady ETF flows are creating a cautiously optimistic outlook for the broader cryptocurrency market.

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