The post Bitcoin Price Reclaims $70,000 After Trump Halts Iran Strikes appeared on BitcoinEthereumNews.com.

Bitcoin Bitcoin surged back above $70K after Donald Trump posted on Truth Social that the US and Iran had held “very good and productive conversations” over the past two days toward a complete resolution of Middle East hostilities. Key Takeaways BTC surged above $70K after Trump announced a 5-day pause on planned military strikes against Iran US options markets have fully standardized crypto ETF treatment, removing all position limits The $72K–$75K liquidity cluster is now the immediate target to the upside According to his post on Truth Social, he instructed the Department of War to postpone all planned military strikes against Iranian power plants and energy infrastructure for a five-day period, contingent on the progress of ongoing talks. Brent oil dropped to $102.6 (-6.22%) immediately. Bitcoin responded immediately – jumping from $68,400 to $70,770, a move of over 3%, as markets unwound the geopolitical risk premium that had been weighing on prices for weeks. Total crypto market cap gained 3.09% and is now sitting at $2.43 trillion. Ethereum gained more than 6% in the past hour alone. Where BTC Stood Before the News Going into the afternoon, Bitcoin had been trading right at the cost basis of the 100–1K BTC whale cohort – the mid-tier holders who tend to define support and resistance in ways retail rarely tracks. Analyst Axel Adler Jr. from CryptoQuant flagged the level earlier today, noting that $80K above is where heavy ETF resistance sits, with spot ETF holders still at roughly -15% unrealized loss. Below, deep structural support doesn’t appear until around $47K. The market had been stuck between those two zones with no obvious catalyst – until Trump provided one. Reclaiming $70K is one thing – sustaining it is another. The 1-3 month cohort is sitting on an average entry of $83,500, and the…

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Filed under: News - @ March 23, 2026 11:26 am