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Bitcoin surged to its highest level in three weeks during early Asian trading sessions, riding on renewed market volatility triggered by ongoing geopolitical tensions. The rally comes as fresh political instability unfolds internationally, with major power shifts reshaping global dynamics over the weekend.
Market participants have been closely watching how macro-level political events ripple through crypto assets. Bitcoin's ability to breach the three-week resistance suggests traders are viewing current uncertainty as a catalyst for risk-off positioning in alternative assets. The Asian session strength indicates growing appetite from regional investors seeking exposure during these turbulent times.
Geopolitical uncertainty has historically acted as a double-edged sword for Bitcoin—some see it as a hedge against systemic risk, while others treat it as a risk-on trade during periods of elevated volatility. The current price action reflects this nuanced market sentiment, with buyers stepping in at key levels.