Bitcoin holds above $71,000, defying rising dollar, oil and U.S. bond yields

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin holds above $71,000, defying rising dollar, oil and U.S. bond yields Stronger dollar, rising Treasury yields, and tech equities treading water contrast with bitcoin’s resilience amid geopolitical tensions. By James Van Straten | Edited by Sheldon Reback Mar 13, 2026, 9:32 a.m. Make us preferred on Google Bitcoin rallies even as oil prices hold above $100 a barrel. (Shutterstock modified by CoinDesk ) What to know : The U.S. Dollar Index has broken above 100 for the first time since late November. At the same time, the Nasdaq 100 proxy, the Invesco QQQ Trust, is down about 0.5% and oil prices remain near $100 per barrel, conditions that typically weigh on risk assets. Strategy (MSTR), the largest publicly traded corporate holder of bitcoin, is up more than 1 percent after acquiring roughly 11,000 BTC using proceeds from its perpetual preferred security Stretch (STRC). Bitcoin BTC $ 71,329.00 rose above $71,500 on Friday, outperforming U.S. equities even as the dollar strengthened and oil prices remained elevated as the war with Iran was set to enter its third week. A stronger dollar can tighten global financial conditions and often weighs on risk assets such as equities and cryptocurrencies. Higher oil prices — both Brent crude and West Texas Intermediate are hovering around $100 per barrel — reinforce inflation concerns and heighten expectations of interest-rate increases. Higher rates also detract from the attraction of such investments. Despite these macro and geopolitical pressures, including the Middle East conflict, bitcoin has remained resilient and is among the best-performing macro assets since the war began on March 1. Historically, Fridays during this period have seen the largest cryptocurrency fall some 3%, a pattern that has not repeated so far today. The Dollar Index (DXY), which measures the strength of the U.S. currency against a basket of major global currencies, topped 100 for the first time since late November. U.S. Treasury yields are also rising, with the benchmark 10-year bond yield climbing above 4.2%, reflecting tighter financial conditions and higher borrowing costs. The Invesco QQQ Trust (QQQ), an exchange-traded fund that tracks the Nasdaq 100 index, meanwhile, was recently little changed. In crypto-linked equities, Strategy (MSTR), the largest publicly traded corporate holder of bitcoin, added 1% before the start of official trading. The company has acquired roughly 11,000 BTC this week using proceeds from its perpetual preferred security Stretch (STRC). Today marks the ex-dividend date for STRC, which means it has slipped slightly below its $100 par value to around $99.50. Meanwhile, AI repurposed bitcoin miners such as IREN (IREN) and Cipher Digital (CIFR) opened slightly lower, while crypto exchange Coinbase (COIN) added about 2%. Bitcoin News Oil Gold Dollar More For You Bitcoin's crash to $60,000 warned stocks first – now they're following By Omkar Godbole 2 hours ago Bitcoin has once again acted as a leading indicator for risk assets, plunging sharply before the ongoing global stock market swoon. What to know : Bitcoin has once again acted as a leading indicator for risk assets, plunging sharply before the ongoing global stock market swoon. Major equity benchmarks including the S&P 500, SPDR Financial Select Sector ETF and India's Nifty index mirror bitcoin's pre-cash price structure. Historical patterns, including episodes in 2017, before the COVID crash and in late 2021, suggest that bitcoin often peaks before the S&P 500. Read full story Latest Crypto News Bitcoin's crash to $60,000 warned stocks first – now they're following 2 hours ago BlackRock’s new ether ETF for yield hungry investors debuts with $15 million in trading volume 3 hours ago Pi rallies more than 30% after Kraken announces listing 4 hours ago XRP jumps 3% as breakout above $1.39 ends early-2026 downtrend 4 hours ago Bitcoin above $71,000, ETH, SOL, ADA zoom higher as cryptos shrugs off stock weakness 4 hours ago Bitcoin climbs to near $72,000 after Treasury Secretary Bessent attempts to calm oil fears 8 hours ago Top Stories SEC's advisory group backs tokenized securities push, outlines how to keep it safe 11 hours ago U.S. Senate votes to ban CBDCs in housing bill that may face trouble in the House 17 hours ago Vitalik Buterin says Ethereum should be used as a simple digital bulletin board 18 hours ago Cathie Wood's Ark Invest says quantum computing is a long-term risk for bitcoin, not an imminent threat 18 hours ago Tether invests in Ark Labs to make Bitcoin ready for stablecoins and payments 20 hours ago In this article BTC BTC $ 71,329.00 ◢ 2.66 %