Markets reversed over $3 trillion this morning as Bitcoin price exploded above $70k in 5 minutes
The post Markets reversed over $3 trillion this morning as Bitcoin price exploded above $70k in 5 minutes appeared on BitcoinEthereumNews.com.
Bitcoin’s jump back above $70,000 on Monday morning came with unusual clarity. The move started when Donald Trump posted on Truth Social that the United States and Iran had held “very good and productive conversations” on a “complete and total resolution” of hostilities in the Middle East, and that planned strikes on Iranian power plants and energy infrastructure would be delayed for five days. Within seconds, global markets repriced. Oil tumbled more than 10%, U.S. stock futures jumped more than 2%, European equities reversed sharp early losses, and Bitcoin sprinted from the upper $67,000s back through $70,000. Kobeissi estimates the move added about $2 trillion in market value. The rally then reversed slightly after Iran said there had been “no contact” with Washington. By 8:00 a.m. ET, futures were down about 120 points from the peak, erasing roughly $1 trillion. In Kobeissi’s words, that left the S&P 500 with a total headline-driven swing of about $3 trillion in implied market value in 56 minutes. Annotated S&P 500 futures chart showing a sharp 240-point spike after Trump said US-Iran talks were productive, followed by a partial reversal after Iran denied his statement. Trump’s post was the trigger, but the force came from the macro chain that followed Before the post, the market had been moving in the opposite direction. Higher crude prices were feeding a stagflation scare. Rising energy costs were threatening to push inflation expectations higher just as growth data had started to soften. Bond yields were climbing again. Bitcoin, gold, and equity futures were all under pressure while rates rose into a more sensitive zone. In CryptoSlate’s morning analysis of the week ahead, the focus had already shifted from oil alone to the bond market, with the U.S. 10-year yield approaching a level that can tighten financial conditions quickly.…
Filed under: News - @ March 23, 2026 2:29 pm