Typos

Bitcoin Surpasses $70,000 Again - Fears Subside

Published March 10, 2026, 09:21
Bitcoin Surpasses $70,000 Again - Fears Subside

For the first time in 4 days, Bitcoin returned above the $70,000 level, as concerns about war with Iran subsided following statements by US President Donald Trump. The largest cryptocurrency rose by as much as 2.32%, reaching $70,581 in early Asian trading on Tuesday. The rise came alongside a recovery in stocks and a fall in oil prices. The reversal after Monday's losses is attributed to Trump's comments that the conflict may end “very soon.” Other cryptocurrencies also recorded gains, albeit to a lesser extent. Ether, the second-largest digital currency, rose by up to 1.3%, while XRP and Solana saw gains of up to 1.4% and 1.2% respectively. Asian stock markets recorded a strong rise with the opening of trading. The Japanese Nikkei 225 index rose by more than 3%, while the MSCI Asia Pacific index rose by 2.7%, after falling 3.7% on Monday. At the same time, Brent fell close to $90 a barrel, significantly lower than the high of $119.50 it had reached on Monday. However, analysts warn that the market may be misinterpreting Trump's statements or that one of the parties involved – Israel, the United States, or Iran – may take action that will further escalate tensions. The situation remains unstable and caution is required.