Bitcoin price surged above $75,000 on Monday evening, extending a strong rally that has lifted the asset nearly 25% from its February lows and reignited bullish sentiment across the crypto market.
The world’s largest cryptocurrency broke through the psychological $75,000 level in US trading hours after spending several weeks consolidating within a tight range.
The move marks Bitcoin’s strongest price since early February and reflects improved risk appetite across global markets.
Bitcoin price’s latest surge comes after the asset bottomed out near $63,000 in February amid heightened geopolitical tensions linked to the Iran-Israel war. Since then, prices have staged a steady recovery as macroeconomic conditions stabilized and investor confidence returned.
Bitcoin’s price has outperformed other assets such as gold and the S&P 500.
Markets were boosted over the weekend by signs of easing tensions around the Strait of Hormuz, one of the world’s most important oil shipping routes.
Two commercial tankers reportedly passed through the waterway on Sunday for the first time since the conflict began, after Iran indicated its shipping restrictions would only apply to ships linked to its adversaries.
Strategy buys into the bitcoin price game
At the same time, corporate demand for bitcoin continues to grow. Earlier Monday, Strategy, led by Michael Saylor, disclosed the purchase of 22,337 additional bitcoins for approximately $1.57 billion.
The purchase increased the company’s total holdings to 761,068 BTC, with a total market capitalization of around $50 billion.
Institutional interest is also growing internationally. Tokyo-listed investment firm Metaplanet recently secured around $255 million from global investors to accelerate its bitcoin treasury strategy, with additional warrants that could raise total funding to more than $530 million for future purchases.
Despite the rally, market participants remain cautious about declaring a full breakout.
The Bitcoin price saw several rebounds of similar magnitude during the 2022 crypto crash before eventually falling to cycle lows below $16,000 following the collapse of FTX.
For now, traders are watching to see if the bitcoin price can sustain support above the $75,000 region. A sustained hold above this level could open the door to a push towards $80,000, which previously served as a key support zone before the early 2026 correction.
Jack Mallers, CEO of Strike, has recently argued that the current market structure favors long-term accumulation and is urging investors to “turn on your DCA,” referring to the dollar-cost-averaging strategy of buying Bitcoin prices at regular intervals regardless of price.
According to Mallers, the bitcoin price is trading close to historically important support zones, and extended periods of consolidation often provide some of the best opportunities to steadily accumulate the asset ahead of major market moves.