The post Top Reasons Why Bitcoin Price is Rising Today, What’s Next for BTC? appeared on BitcoinEthereumNews.com.

Key Insights: Bitcoin price jumped to $71K after Trump delayed Iran strikes, as the market braces for a positive outlook. $270M in BTC shorts liquidated, boosting the broader market rally. Oil fell sharply below $100 on easing tensions. As per the latest Bitcoin price prediction, the market reacted quickly to a major geopolitical update by U.S. President Donald Trump. BTC price pushed back past $71,000 following a statement by the U.S. president that the U.S. was taking a hiatus from its planned strike on Iran. This update came at a tense moment, and led to a nearly instant market reaction. Nonetheless, there are still more reasons why the price of Bitcoin is rising. Bitcoin Price 5% Rebound Amid Trump Update Bitcoin price moved higher during Monday’s European trading session, pushing back toward the $71,000 level. The rebound came after US President Donald Trump signaled that planned attacks on Iran’s power infrastructure would be delayed. That update helped calm market nerves and gave crypto traders a reason to step back in with an optimistic Bitcoin price prediction Soon after, market observers weighed in on the sharp response of BTC price. Coinbureau CEO Nic Puckrin described the move as a sudden surge driven by the news, referring to it as the TACO pump. His remark reflected how quickly sentiment shifted once tensions appeared to cool. At the same time, Bitcoin’s sharp move triggered a wave of liquidations in the market. Within just one hour, about $270 million in short positions were wiped out, with Bitcoin alone accounting for roughly $120 million of that total. The sudden price jump caught many bearish traders off guard. A Closer Look Across the overall market, total liquidations across crypto reached roughly $781 million in the past 24 hours. This has also fueled speculations, despite the recent…

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Filed under: News - @ March 24, 2026 2:31 am