Bitcoin surged to $71,890 on Wednesday, rebounding sharply from a selloff triggered by Middle East tensions and outperforming other asset classes. The digital currency, which had plummeted to $63,038 during Saturday's escalation, gained 5.7% in a broad crypto market rally that saw spot Bitcoin ETFs in the U.S. attract over $680 million in inflows over two days. Analysts suggest investors are increasingly viewing crypto as a potential safe haven amid global instability.

While Bitcoin retreated slightly to $71,343 in New York trading, the rebound highlights its unique positioning as other markets showed mixed performance: U.S. stocks and European indices recovered, while Asian markets and gold faced pressure. Despite Wednesday's gains, Bitcoin remains 40% below its October peak, reflecting lingering concerns about a prolonged market correction.