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STO:SEBA 2 March 2026

Bitcoin price snaps back near $69,000 as Iran conflict and oil spike rattle markets

Bitcoin price snaps back near $69,000 as Iran conflict and oil spike rattle markets

Bitcoin jumped 4.7% to $69,141 Monday, rebounding after a volatile weekend that saw it briefly fall below $64,000. Brent crude surged 8% to $78.74 as investors reacted to the widening U.S.-Israeli air war against Iran and rising inflation risks. U.S. manufacturing data showed prices paid at their highest since October 2022. Turkey proposed a 10% tax on crypto gains, while the CFTC named David Miller as its new enforcement chief.
2 March 2026
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Stock Market Today

  • Asian Paints Shares Extend Decline Amid Rising Crude Oil Costs
    March 23, 2026, 8:52 AM EDT. Shares of Asian Paints, India's leading paint and décor company, dropped 3.4% to ₹2,120, marking a third straight session of declines. The stock is near levels last seen in October 2020, down over 23% in three months and 41% from its record high. The slide reflects investor concern over surging crude oil prices, which surged 50% since the US-Iran conflict began, inflating manufacturing costs for paint firms reliant on crude derivatives. Institutional brokerage Systematix expects potential price hikes of 2-5% if crude prices stay high, pressuring margins. Despite this, Asian Paints' volume growth remained sturdy at 13-14% recently, with positive analyst ratings maintained by Systematix and Macquarie. Investors are cautioned to consult experts before investing.
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