Bitcoin rises to $69,000, stocks reverse big early losses, as crude oil sinks back below $100

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin rises to $69,000, stocks reverse big early losses, as crude oil sinks back below $100 WTI crude oil, which soared nearly 30% to $120 per barrel overnight, has pulled back to $95, easing pressure on risk assets. By Helene Braun , Krisztian Sandor | Edited by Stephen Alpher Mar 9, 2026, 4:02 p.m. Make us preferred on Google Bitcoin (BTC) price on Monday, March 9 (CoinDesk) What to know : Crypto prices were higher across the board in midday U.S. trading on Monday. Falling to just above $65,000 overnight, bitcoin rallied back to m$69,000 as crude oil fell from $120 per barrel to $95. Circle saw the biggest gains among crypto-related stocks, up 8% on the day after global insurance giant Aon said it paid insurance premiums in stablecoins for the first time. Crypto assets traded higher during the U.S. session on Monday, rebounding from sharp overnight losses that had brought bitcoin BTC $ 68,963.16 down to nearly $65,000. Bitcoin was trading just shy of $69,000 at midday up 2.5% over the past 24 hours, while ether (ETH) reclaimed the $2,000 level, ahead 4% over the same time period. Among crypto-related stocks, stablecoin issuer Circle (CRCL) saw the biggest price jump, up 8% as global insurance giant Aon said it paid an insurance premium for the first time in stablecoins, including in Circle's USDC. Other crypto stocks traded in the green as well, with Strategy (MSTR) higher by 3% after announcing a large $1.28 billion acquisition of bitcoin last week. Crypto exchange Coinbase (COIN) was modestly lower for the day. The gains for crypto came alongside a big bounce in stocks after crude oil reversed much of its spectacular overnight gain, the Nasdaq swinging from a 2% loss to flat. Up 30% to $120 per barrel at one point overnight, WTI crude pulled back to $95, ahead just 5% on the session. The initial large gain in oil prices came after a weekend that showed no sign of an immediate end to the war in Iran. "Bitcoin has displayed surprising resilience despite the extreme volatility exhibited across traditional assets," said David Morrison, senior market analyst at Trade Nation. "The bulls will be encouraged if it can quickly push back above $70,000 and then hold this level on any subsequent pullback." "With traditional financial markets under pressure and supply chains threatened by disruptions in the Middle East, digital assets appear to be attracting defensive capital from investors seeking alternatives to oil-sensitive assets," he said. Speaking of stocks, Ram Ahluwalia, CEO of wealth management platform Lumida Wealth, said that he expects "we will see a local bottom sometime today and a rally during the week." However, that could be a tactical short-term bounce, he added, as weakness persists and the S&P 500 will struggle to reclaim the record highs "anytime soon." Bitcoin News Circle More For You Pudgy Penguins: Challenging the Pokemon and Disney Legacy in the Global IP Race By CoinDesk Research Feb 27, 2026 Commissioned by Pudgy Penguins CoinDesk Research looks into how Pudgy Penguins disrupts traditional toys market via a phygital model. With 2M+ units sold, they scale via global partnerships and events. What to know : Disrupting a Stagnant Market : Pudgy Penguins is utilizing a "Negative CAC" model to challenge the traditional $31.7B licensed toy industry by treating physical merchandise as a profitable user acquisition tool rather than just a final product. View Full Report More For You Stock market volatility hits one-year high, possibly marking bitcoin bottom By James Van Straten | Edited by Stephen Alpher 1 hour ago Bitcoin has its own volatility gauge (BVIV), and that spiked in early February, suggesting crypto markets may have already experienced their panic phase. What to know : The VIX, a measure of stock market volatility — often referred to as Wall Street's fear gauge — surged above 35, a level that has historically aligned with bitcoin market lows. Bitcoin’s volatility gauge, BVIV, suggests the crypto market already experienced its panic phase back in February. 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