Bitcoin rose 0.4% to $77,800 on Thursday morning, despite geopolitical tensions affecting global markets. The cryptocurrency briefly reached $79,400 on Wednesday evening before retreating. While Bitcoin managed to gain, other major cryptocurrencies like Ethereum, XRP, and Solana closed lower. The rally in Bitcoin comes amid approximately 47 days of negative funding rates, indicating cautious sentiment in derivatives markets. Geopolitical issues, including U.S. naval blockades near Iran and conflicts in the Strait of Hormuz, have heightened market uncertainty. Analysts caution that a drop below $76,000 could suggest a near-term peak unless there is an improvement in market sentiment or progress in Iran negotiations.