Bitcoin jumps past $70,000 as war volatility fades

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin jumps past $70,000 as war volatility fades BTC rebounded from about $65,000 as crude oil retreated and institutional flows helped stabilize the market. By Sam Reynolds Mar 10, 2026, 3:31 a.m. Make us preferred on Google What to know : Bitcoin rebounded above $70,000 after a brief weekend sell-off to around $65,000, showing resilience as energy-market volatility eased. U.S. spot bitcoin ETFs have continued to attract institutional demand, with about $568 million in net inflows last week and cumulative net inflows now above $55 billion. On-chain, derivatives and prediction-market data indicate that conditions are stabilizing and trader sentiment is turning more bullish, even as overall conviction remains muted. Bitcoin pushed back above $70,000 Tuesday morning East Asia time, completing a rapid recovery from a weekend selloff that briefly dragged the largest digital asset down to around $65,000. The move higher came as volatility in energy markets eased after crude oil surged amid fears of disruptions in the Strait of Hormuz. Bitcoin dipped alongside risk assets during the initial shock but quickly stabilized in the mid $60,000 range — given Wall Street's insulation from the energy crisis — before climbing again as markets digested the geopolitical headlines. Market maker Enflux said the cryptocurrency showed notable resilience despite the scale of the energy shock. “Bitcoin dipped below 66k during the initial risk-off wave yet quickly stabilized back in the 66k to 68k range,” the firm said in a note to CoinDesk. “In relative terms, it held up better than equities and even some traditional hedges.” Institutional demand has also remained supportive. U.S. spot bitcoin ETFs drew about $568 million in net inflows last week, following $787 million the week prior, according to data from SoSoValue , pushing cumulative net inflows across the products above $55 billion. Early data from SoSoValue shows that Monday’s U.S. inflows were about $57 million, though not all issuers had reported at the time of publication. Onchain and derivatives indicators suggest the market is stabilizing after the recent volatility, though conviction has yet to fully return. “Overall, conditions are stabilizing, with momentum, ETF demand, and profitability metrics improving modestly,” analysts at Glassnode wrote in a recent report. “However, capital flows remain soft, speculative participation is limited, and broader conviction has yet to fully return.” Prediction markets also flipped more bullish as bitcoin rebounded. On Polymarket , the odds that BTC will reach $75,000 in March jumped to about 56% on Monday from roughly 34% a day earlier, highlighting how quickly trader expectations shifted as the cryptocurrency reclaimed the $70,000 level. btc Bitcoin News Oil 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 How the war in Iran and trader positioning could be behind the surge in Circle's stock By Will Canny | Edited by Stephen Alpher 6 hours ago Shares were up another 9.7% on Monday, bringing them nearly to double over the past month. What to know : Circle shares rose about 10% Monday and are now higher by 86% over the past month. Analysts suggest the war in Iran and its impact on oil prices could delay Federal Reserve rate cuts, thereby benefiting the stablecoin issuer. Also at work was heavy bearish trader positioning in the shares and the need for those shorts to be covered after the company reported solid fourth-quarter results. 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