Bitcoin price news: BTC takes aim at $70,000 after Trump says U.S. ahead of schedule in Iran attack
March 9, 2026
Bitcoin price news: BTC takes aim at $70,000 after Trump says U.S. ahead of schedule in Iran attack
It’s been a historic 24 hours for crude oil, which soared to $120 per barrel overnight on Iran worries, but has plunged back to just above $80.
By Krisztian Sandor, Helene Braun|Edited by Stephen Alpher
Updated Mar 9, 2026, 7:51 p.m. Published Mar 9, 2026, 7:48 p.m.
- Crypto assets, including crypto-related stocks extended their gains on Monday afternoon after U.S. President Donald Trump said the war with Iran could be over soon.
- U.S. equities rose sharply following the news, erasing early morning losses.
- Similarly, crude oil fell to $86 from around $116 as a result of Trump’s comment.
A wild 24 hours continued in all markets after President Trump said the war against Iran could be over soon.
The action against Iran is “very far ahead” of what was expected to be a four-to-five-week time frame, said Trump in late-afternoon comments. He is expected to give updates on the situation at 5:30 pm ET.
Already in the midst of a sharp reversal higher after plunging Sunday evening as oil soared as much as 30%, crypto and equity markets added to gains following the comments.
Just ahead of the close, the Nasdaq was ahead 1.25% and S&P 500 0.8%. Bitcoin BTC$69,116.63 at just above $69,000 was up 2.4% over the past 24 hours.
Oil, meanwhile, tumbled even further. After rising as much as 30% to $120 per barrel on Sunday evening, WTI crude plunged all the way back to $85, now lower by 6% for the day.
Crypto-related stocks added to Monday’s gains, with Circle (CRCL) up 10% while Strategy (MSTR) and Coinbase (COIN) were 5% and 2% higher, respectively.
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By Will Canny|Edited by Stephen Alpher
3 hours ago
Shares were up another 9.7% on Monday, bringing them nearly to double over the past month.
What to know:
- Circle shares rose about 10% Monday and are now higher by 86% over the past month.
- Analysts suggest the war in Iran and its impact on oil prices could delay Federal Reserve rate cuts, thereby benefiting the stablecoin issuer.
- Also at work was heavy bearish trader positioning in the shares and the need for those shorts to be covered after the company reported solid fourth-quarter results.
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