Bitcoin Rebounds to $71,000 as Wall Street Deepens Push

Bitcoin climbed back above $71,000 on Tuesday after a choppy week of trading that saw it spike, retreat and spike again. But the messy price action is obscuring a quieter story: Wall Street keeps building around crypto regardless.

Last Wednesday’s 8% surge to $74,000 reminded investors that Bitcoin’s gains arrive in sudden, unforeseeable bursts that punish anyone trying to time them. This week’s rebound — fueled by President Donald Trump’s suggestion that Middle East tensions would resolve “very soon” — is landing against a backdrop of institutional scaffolding being quietly assembled whether prices are rising or not.