$BTC (+0.18%) is currently showing remarkable strength. Since the start of the Iran crisis, the cryptocurrency has gained around 18.8%, while many stock markets have fallen and gold has lost around 7.4%. This means that #bitcoin is performing significantly better than many traditional asset classes in a geopolitically tense environment.
The market picture is also brightening internally. Large investors, so-called whales, are buying bitcoin on a net basis again for the first time since the fall. Institutional investors are also increasingly buying again: digital investment products recently recorded inflows for the third week in a row. If this momentum continues, Bitcoin could be on the verge of another dynamic upward movement. (A market update from CoinShares' Head of Research, James Butterfill)
