Svmuu News: Building on the weekend’s rally, Bitcoin rose as high as $74,157 during early Asian trading on Monday, hitting a recent high, before retreating to around $73,978. It is up approximately 3.1% over the past 24 hours and has gained about 9.1% over the past week.This rally comes as the U.S.-Iran conflict enters its third week; despite escalating geopolitical tensions triggering volatility in global markets, Bitcoin has maintained its strong performance.Additionally, options market data suggests that if prices approach the $75,000 level, market makers selling call options may be forced to buy Bitcoin to hedge, thereby amplifying the upside potential. Analysts note that Bitcoin’s rise stems more from macroeconomic factors than the war itself.High oil prices, slowing economic growth, and expectations of widening fiscal deficits may drive changes in the liquidity environment, thereby benefiting crypto assets. Meanwhile, on-chain metrics show that long-term holders continue to hold their coins; the volume of long-dormant Bitcoin (Bitcoin Days Destroyed) has fallen to a near three-year low, indicating that selling pressure in the market has somewhat subsided. (Decrypt)