Bitcoin Rebounds $4K in 60 Minutes as Trump Pauses Planned Iran Strikes
The post Bitcoin Rebounds $4K in 60 Minutes as Trump Pauses Planned Iran Strikes appeared on BitcoinEthereumNews.com.
Bitcoin moved back above $71,000 after US President Donald Trump postponed Iran strike for five days, sending oil price crashing below $100. Bitcoin (BTC) broke back toward $71,000 during Monday’s European trading session as US President Donald Trump said attacks on Iran’s power infrastructure would be postponed. Key takeaways: Bitcoin bounces 5% to $71,000 after President Trump said US attacks on Iran’s infrastructure would be postponed. $270 million in short positions were liquidated in an hour. Focus now shifts to $72,000–$75,000 liquidity zones to see if BTC price will rise further to grab these. Bitcoin erases weekend losses with 5% rebound Data from TradingView showed BTC price rose as much as 4.7% within 60 minutes to an intraday high of $71,500, recouping all the losses made over the last three days. The last time BTC/USD traded above $71,000 was on March 19. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView The price reacted to President Trump’s announcement of a five-day pause on planned US military strikes against Iranian power plants and energy infrastructure after “very good and productive” discussions with Tehran. Source: TruthSocial/Donald J. Trump “And this shall henceforth be known as the ‘TACO PUMP,’” Coinbureau CEO Nic Puckrin said in response to Bitcoin’s reaction following the news. The move in Bitcoin was accompanied by $270 million in short liquidations within an hour, with BTC short liquidations accounting for $120 million. This brought the total liquidations across the crypto market over the last 24 hours to $781 million. Crypto liquidations. Source: CoinGlass Gold erased almost all its earlier losses, now down just 1% on the day and rebounding to $4,440 per ounce, while the dollar index (DXY) has slipped to 99.3. Related: Gold bear market and sub-$50K BTC: Five things to know in Bitcoin this week Oil, a key macro risk factor, dropped…
Filed under: News - @ March 24, 2026 4:22 am