The recent geopolitical tensions between Iran and Israel caused a dip in the cryptocurrency market, with Bitcoin dropping below $62,000. However, as fears of escalation subsided, the market has rebounded with Bitcoin surging back above $65,000. This upswing is likely fueled by two factors: anticipation of the approval of Bitcoin ETFs in Hong Kong, and a return to normalcy after the initial shock of the conflict. While some analysts warn of potential future selling pressure due to the upcoming U.S. tax season and the Bitcoin halving event, the overall sentiment seems positive, with hopes that the Hong Kong ETFs could inject significant new demand into the market.

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