Bitcoin rose above $74,000 on Monday, reaching its highest level in roughly six weeks,
supported by a wave of short-selling liquidations, even as investors remained cautious due to escalating geopolitical tensions in the Middle East.
The world's largest cryptocurrency was trading up 3.4% at $73,892.4 as of 10:21 AM (06:21 GMT), after rising as high as $74,336.9 earlier in the session.
Bitcoin jumped 6% last week, even as global stock markets declined amid rising oil prices, which fueled inflation concerns.