3 Reasons for BTC, ETH, XRP, and ADA to Rally Amid Geopolitical Issues

Jakarta, Pintu News – The crypto market has returned to green in the last 24 hours after being pressured by geopolitical sentiment and global volatility. Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Cardano (ADA) recorded significant price increases as the cryptocurrency market capitalization broke back to US$2.31 trillion or around Rp38,928 trillion (exchange rate of Rp16,852).

This rally was driven by a combination of strong macro correlations, a surge in open interest in the derivatives market, as well as fund inflows into crypto ETFs. However, some analysts still warn of a potential further correction if global pressures increase again.

Macro Correlation and Risk Stability Drive Recovery

The rise in crypto asset prices has coincided with a recovery in global stock markets, with data showing Bitcoin’s 30-day correlation to the S&P 500 index reaching 81%. This indicates that global risk sentiment plays a big role in cryptocurrency price movements.

The crypto market capitalization rose by around 4% and broke through the US$2.30 trillion resistance level. This breakout reinforces market participants’ belief that the consolidation phase is coming to an end.

Sentiment was also influenced by geopolitical developments after US President Donald Trump confirmed the death of Iran’s Supreme Leader Ali Khamenei. Previously, the market was depressed due to the joint US and Israeli attack on Iran which made BTC drop to US$63,000 or around Rp1.06 billion.

After the stabilization of the global risk market, the price of Bitcoin is moving above US$67,000 or around Rp1.13 billion again. This movement shows the crypto’s sensitivity to international macro and political dynamics.

Also read: Treasury Physical Gold Voucher Price Today, Monday March 2, 2026

Derivatives Open Interest Rises, a Sign of New Positions Coming In

The surge in open interest shows the increasing participation of traders in the crypto derivatives market. Coinglass data shows Bitcoin open interest rose 1.6% to US$44.27 billion or around Rp746 trillion.

Ethereum recorded a bigger increase, 6.44%, to close to US$26 billion or around Rp438 trillion. Meanwhile, XRP’s open interest reached US$2.24 billion or around Rp37.7 trillion and Cardano increased by 3.57% to US$462 million or around Rp7.78 trillion.

This increase indicates the opening of new positions, not just the closing of old ones. The Altcoin Season Index also rose from 29 to 34 in the past week, indicating investor interest in altcoins is picking up. Such conditions are common in the early stages of crypto market recovery. Altcoins have also recorded higher gains than Bitcoin in recent trading sessions.

Read also: Vitalik Buterin Ready to Launch Ethereum Wallet Revolution, What Will It Be Like?

ETF Inflows Strengthen Market Momentum

Institutional fund flows through ETFs are also driving the rally. SoSoValue data shows that spot Bitcoin ETFs in the US posted a net inflow of US$787 million or around Rp13.26 trillion in the past week. Ethereum ETFs recorded inflows of US$81 million or around Rp1.36 trillion, while XRP ETFs recorded US$9.55 million or around Rp160.9 billion. This influx of new funds strengthens the positive sentiment among market participants.

At the time of writing, the price of Bitcoin rose 4.48% to US$67,102 or around Rp1.13 billion. Ethereum jumped 7% to US$2,007, while XRP and ADA rose about 5% to US$1.38 and US$0.28, respectively.

However, analyst Willy Woo warned of a potential sharp correction to US$45,000 or around Rp758 million if macro pressures increase again. The prediction is a reminder that volatility remains a key characteristic of the cryptocurrency market.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Paul Adedoyin/CoinGape. Crypto Market Update: Top 3 Reasons Why BTC, ETH, XRP and ADA are Up. Accessed March 2, 2026
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