Bitcoin tested the A$103,000 (US$72,000) range this week as a US-Iran ceasefire reversed weeks of risk-off sentiment and pulled institutions back into the market.
March delivered Bitcoin's first monthly gain in five months. ETF inflows turned positive, Australia passed landmark crypto legislation, and Q2 opened with cautious optimism. Here is the weekly wrap.
Bitcoin navigated a volatile final week of Q1, testing a high of A$103,000 (US$72,000) before closing near A$96,000 (US$66,000). Institutional ETF flows broke a four-month outflow streak even as macro headwinds persisted.
Bitcoin fought back above A$103,000 this week as institutional ETF buyers absorbed geopolitical shocks, and Australia's super sector made headlines.
Bitcoin fell this week as geopolitical tension and Fed rate fears dominated. Yet four straight weeks of ETF inflows signal institutional conviction holds firm.
Landmark regulatory guidance, seven straight days of ETF inflows, and Australia's own licensing framework signal a market maturing well beyond its speculative origins.