Bitcoin has surged past the $104,000 mark, driven by easing geopolitical tensions and strategic corporate treasury acquisitions. This significant price increase signals renewed market confidence, particularly as tensions between Iran and Israel have shown signs of calming. The recent geopolitical developments, coupled with substantial institutional interest in Bitcoin for treasury holdings, have positively impacted market sentiment.

Institutional investors see potential in Bitcoin's promise as a store of value and hedge against traditional financial uncertainties. As the geopolitical landscape stabilizes, confidence in Bitcoin as a viable long-term asset appears to be rising.