NEW YORK, March 10, 2026, 13:57 EDT
Bitcoin jumped above $70,000 Tuesday, shaking off some of the recent Iran war anxiety and touching $71,000 for the first time in four sessions. The top crypto traded 3.3% higher at $70,682. Ether also advanced, adding 2.7% to reach $2,065. Bloomberg.com
This shift is notable: bitcoin’s price action lately has tracked with equities and oil, instead of just reacting to crypto headlines. On Tuesday, the coin jumped as Brent crude tumbled nearly 11% to about $88 per barrel, while U.S. stock indexes climbed following President Donald Trump’s comment that the conflict might be “over soon.” Reuters
New flows from mainstream buyers gave a boost. U.S.-listed spot bitcoin ETFs picked up $167.1 million in fresh inflows on Monday, Farside Investors reported, following $568.5 million that moved in over the previous week. Farside Investors
“Crypto markets keep climbing, despite global assets reacting to pricier energy and changing rate bets,” Iliya Kalchev of Nexo Dispatch noted. For Jake Ostrovskis at Wintermute, the oil shock has put bitcoin’s hedge narrative back in the spotlight. Yahoo Finance
Corporate buyers are still active. Strategy disclosed in a Monday filing it snapped up 17,994 bitcoin for $1.28 billion from March 2 to March 8, shelling out an average of $70,946 per coin. That takes the company’s stash to 738,731 bitcoin. SEC
Tuesday’s uptick helped, but bitcoin remains well under its October 2025 peak north of $125,000. The recovery barely makes a dent. Reuters
But the rally might vanish just as quickly. Iran’s Revolutionary Guards threatened on Tuesday to block regional oil exports if the attacks persist. Wood Mackenzie’s Simon Flowers added a note of caution, saying, “cranking up the supply chain won’t be swift” once the conflict ends. Reuters
Traders lumped bitcoin in with the broader market bounce, not just crypto headlines. Crude oil’s wild move—dropping from over $120 to under $100 in less than 24 hours—had everything from stocks to digital assets on edge, bonds included. Reuters
