Trending Now - Bitcoin Rises to $71,000 Amid Trump’s Iran Strike Delay

WHO:

U.S. President Donald Trump

Iran's Fars news agency

Al Jazeera

Galaxy Digital (GLXY)

Coinbase (COIN)

IREN (IREN)

Strategy (MSTR), the largest corporate holder of bitcoin

WHAT:

Bitcoin price surged to $71,000 after Trump postponed attacks on Iran's power plants for five days.

Bitcoin (BTC) climbed above $71,000 before retreating closer to $70,000.

Ether (ETH), DOGE, solana (SOL), and Chainlink (LINK) rose as much as 5% over 24 hours before giving back part of the gains.

Gold rebounded to $4,440 per ounce, down just 1% on the day.

The U.S. dollar index (DXY) slipped to 99.3.

U.S. 10-year bond yield fell by 100 basis points to 4.3%.

WTI crude oil price dropped 11% to below $88 per barrel.

Brent crude oil price dropped 8% to around $100 per barrel.

$62.41 million in liquidations on the XYZ:BRENTOIL contract over the past 24 hours.

Galaxy Digital rose 2% in pre-market trading; Coinbase and IREN also added around 2% each.

Strategy (MSTR) gained more than 3%.

WHERE:

United States

Iran

Gulf region

Global markets

WHEN:

On March 23rd, 2026, Trump announced the postponement of attacks on Iran for five days.

Bitcoin price reached $71,000 in early U.S. hours on March 23rd, 2026.

WHY:

The postponement of attacks eased concerns about escalating conflict between the U.S. and Iran.

Trump stated there were "very good and productive conversations regarding a complete and total resolution of our hostilities in the Middle East."

HOW:

Trump communicated the postponement via a post on Truth Social.

Market reactions included a surge in cryptocurrency prices and a drop in oil prices following the announcement.

(UPDATED March 23, 2026 17:56 UTC)

Today, President Trump announced a five-day postponement of attacks on Iran, easing tensions and allowing Bitcoin to surge to $71,000 in early U.S. trading hours. Following this announcement, other cryptocurrencies like Ether, DOGE, and Solana also saw gains of up to 5%, while oil prices dropped significantly, with WTI crude falling 11% to below $88 per barrel. In pre-market trading, companies like Galaxy Digital and Coinbase experienced a rise of around 2%, reflecting the market's positive reaction to Trump's statement about productive conversations aimed at resolving hostilities in the Middle East.