Bitcoin surges above $71,000 as Trump postpones Iran strikes for five days

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin surges above $71,000 as Trump postpones Iran strikes for five days By Krisztian Sandor , James Van Straten , Shaurya Malwa Mar 23, 2026, 11:23 a.m. Make us preferred on Google What to know : Bitcoin and major cryptocurrencies jumped about 5 percent after President Trump said U.S. attacks on Iran's infrastructure would be postponed following what he called "very good and productive" talks. Gold pared earlier losses to trade about 1 percent lower, while the U.S. dollar weakened and global bond yields, including the 10-year Treasury, fell sharply. Oil prices slumped, with WTI crude dropping 11 percent and Brent 8 percent, triggering more than $62 million in liquidations in tokenized Brent futures as crypto-linked stocks also advanced. Crypto prices have surged on Monday on news that U.S. President Trump said to escalate attacks against Iran. Trump said in a Truth Social post that the two countries held "very good and productive conversations regarding a complete and total resolution of our hostilities in the Middle East." Attacks against Iran's infrastructure will be postponed for a f Bitcoin BTC $ 68,358.29 rebounded almost 5% above $71,000 in the early morning U.S. hours on the news after sinking below $68,000 overnight. Ether (ETH), DOGE $ 0.09045 , solana (SOL and Chainlink LINK $ 8.6549 were up 5% over the past 24 hours as cryptocurrencies jumped across the board Gold has nearly erased almost all its earlier losses, now down just 1% on the day and rebounding to $4,440 per ounce. The U.S. dollar index, DXY, has slipped to 99.3. Bond yields have declined globally, with the U.S. 10 year yield falling by 100 basis points to 4.3%. Meanwhile, WTI crude is down 11% on the day, trading below $88 per barrel, while Brent crude has dropped 8% to around $100 per barrel. Tokenized Brent crude futures saw $62.4 million in liquidations on Hyperliquid. CoinGlass data shows $62.41 million in liquidations on the XYZ:BRENTOIL contract over the past 24 hours, with $61.69 million of that hitting longs and just $717,000 from shorts. Galaxy Digital (GLXY) is up 2%, while Coinbase (COIN) and IREN (IREN) have also gained around 2% each. Trump's five-day postponement doesn't end the war, however, as Iran continues to strike targets across the Gulf. Meanwhile, Strategy (MSTR), the largest corporate holder of bitcoin, is up more than 3% in pre-market trading. Options remain defensive Despite the knee-jerk r Bitcoin News More For You Bitcoin retreats to $68,000, leaving CME gap as traders eye $70,000 rebound By Oliver Knight , Omkar Godbole | Edited by Sheldon Reback 35 minutes ago BTC slipped back into February's range after Donald Trump threatened to attack Iran's power plants, sparking a selloff and shifting flows toward commodities. What to know : Bitcoin fell to $68,200 after a weekend selloff tied to the war with Iran, creating a CME gap near $70,000. More than $400 million in crypto futures liquidations hit markets, mostly long positions, signaling a sharp unwind in bullish leverage. Altcoins lagged behind BTC, but privacy tokens and select assets like BCH and LINK showed signs of relative strength amid mixed sentiment. Read full story Latest Crypto News Polymarket traders bet on Iran ceasefire even oil shock concerns persist 8 minutes ago Bitcoin retreats to $68,000, leaving CME gap as traders eye $70,000 rebound 35 minutes ago Bitcoin clings to monthly gains, historic losing streak still in play 37 minutes ago Bitcoin's momentum indicator is flashing a signal that should worry bulls 1 hour ago Fed's Miran speaks, Bitgo earnings, Casper hard fork: Crypto Week Ahead 2 hours ago Prosecutors flag mail discrepancies in Sam Bankman-Fried’s retrial motion letter from prison 2 hours ago Top Stories South Korea crypto liquidity tumbles as stablecoin balances plunge 55% and stock buying rises 7 hours ago Stocks start catching up with bitcoin’s earlier price crash to $60,000 as bond yields rise 5 hours ago Oil, silver trading is way more popular than XRP, solana on Hyperliquid 5 hours ago Bitcoin miners are losing $19,000 on every BTC produced as difficulty drops 7.8% Mar 22, 2026 Bitcoin holds $68,300 as gold crashes for a ninth day and Asian stocks drop 6 hours ago Ethereum faces make-or-break moment in high-stakes balancing act as scaling, quantum and AI pressures mount 18 hours ago In this article BTC BTC $ 68,358.29 ◢ 0.80 % DOGE DOGE $ 0.09045 ◢ 0.98 % LINK LINK $ 8.6549 ◢ 2.10 %