BTC and ETH Rise Amid Geopolitical Tensions, Stablecoin Supply Hits Record High

ChainCatcher reports that QCP’s latest market report highlights that, amid ongoing geopolitical tensions, the crypto market has shown relative strength, with Bitcoin and Ethereum breaking through $74,000 and $2,270 respectively, while equities and gold remain under pressure during the same period. The report suggests this movement is reinforcing the narrative of cryptocurrencies as “digital safe-haven assets” and “geopolitical hedging tools.” QCP notes that tensions related to Iran could drive increased on-chain activity and demand for cross-border liquidity. Data shows that last week, the USDC supply rose to a record high of approximately $81.1 billion, with overall stablecoin supply also growing, indicating new capital inflows into the crypto market amid global uncertainty. Institutional demand also shows signs of recovery. Bitcoin ETFs have recorded net inflows for five consecutive trading days, with BlackRock’s ETF marking its third consecutive week of inflows, totaling approximately $1.75 billion. Meanwhile, Strategy continues to accumulate Bitcoin. In the options market, the spot price is approaching the month-end critical strike price of BTC-27MAR26-75K-C (approximately 8,000 contracts). The report notes that if the price breaks above $75,000 convincingly, it could trigger a momentum-driven rally fueled by the gamma effect, while $74,500 remains a key short-term resistance level, with a concentrated short liquidation zone above.