By Omkar Godbole (All times ET unless indicated otherwise)
Bitcoin rose to just short of $72,000, hitting a one-month high and lifting the broader crypto market even as the war in the Middle East wreaks havoc on traditional markets.
The outperformance stems from several factors, including relative positioning, rising odds of the passage of the U.S.’s long‑debated Clarity Act aimed at legalizing stablecoins and hopes that conflict with Iran will end soon.
Bitcoin, down nearly 50% from its record high in October, was oversold before hostilities began Saturday. So as traditional assets tumbled, BTC held up well. That has likely revived investor interest in the largest cryptocurrency, drawing institutions back to the spot…
