{"id":525676,"date":"2026-03-23T12:10:31","date_gmt":"2026-03-23T12:10:31","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=525676"},"modified":"2026-03-23T20:05:03","modified_gmt":"2026-03-23T20:05:03","slug":"bitcoin-rockets-to-70000-as-trump-announces-shock-pause-on-iran-strikes","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/bitcoin-rockets-to-70000-as-trump-announces-shock-pause-on-iran-strikes\/","title":{"rendered":"Bitcoin price jumps above $70,000 as US announces shock pause on Iran strikes"},"content":{"rendered":"

Bitcoin<\/a> climbed back above $70,000 after President Donald Trump<\/a> said the United States had held \u201cproductive conversations\u201d with Iran and would postpone planned strikes on Iranian power plants and energy infrastructure for five days.<\/p>\n

In a March 23 post on Truth Social, Trump wrote<\/a> in capital letters:<\/p>\n

“BASED ON THE TENOR AND TONE OF THESE IN DEPTH, DETAILED, AND CONSTRUCTIVE CONVERSATIONS, WHICH WILL CONTINUE THROUGHOUT THE WEEK, I HAVE INSTRUCTED THE DEPARTMENT OF WAR TO POSTPONE ANY AND ALL MILITARY STRIKES AGAINST IRANIAN POWER PLANTS AND ENERGY INFRASTRUCTURE FOR A FIVE DAY PERIOD, SUBJECT TO THE SUCCESS OF THE ONGOING MEETINGS AND DISCUSSIONS.”<\/p><\/blockquote>\n

Trump said the delay would depend on the outcome of talks that are set to continue through the week.<\/p>\n

This eased some of the risk aversion that had spread across global markets earlier in the session.<\/p>\n

Data from CryptoSlate<\/em> showed that the move pushed Bitcoin up about 3.6% on the day to $70,968, after it traded as low as $67,436 intraday.<\/p>\n

Other digital assets, including Ethereum<\/a>, XRP<\/a>, Solana<\/a>, and the top 10 crypto assets by market capitalization, all registered gains of more than 4% as traders moved back into risk assets following the White House signal.<\/p>\n

Following the uptick, short sellers who were betting against upward market momentum lost $271 million in the past hour, bringing their total losses to $364 million over\u00a0the last 24 hours.<\/p>\n

Trump's shifting position on Iran war<\/h2>\n

This marketwide rebound came after a volatile weekend in which Trump issued a series of shifting statements on the conflict.<\/p>\n

Trump had previously threatened to destroy Iranian power infrastructure if the Strait of Hormuz was not reopened, while Iran warned it would retaliate against infrastructure linked to US interests and regional allies.<\/p>\n

Those exchanges pushed markets toward a classic risk-off posture earlier on Monday, with oil surging, equities sliding, and investors reassessing the outlook for inflation and interest rates<\/a>.<\/p>\n

Once Trump announced the pause, the reaction spread quickly across asset classes. Oil prices<\/a> fell sharply as traders reduced some of the geopolitical premium tied to fears of disruption in the Gulf.<\/p>\n

Data from Oilprices show<\/a> that West Texas Intermediate crude dropped 13% to $85.45 a barrel and Brent fell 12% to $98.66 after Trump\u2019s post signaled a temporary opening for diplomacy.<\/p>\n

At the same time, US stock futures rebounded more than 2%, reflecting a partial unwind of the defensive positioning that had dominated earlier in the day.<\/p>\n

While, Europe\u2019s STOXX 600 reversed losses of more than 2.2% to trade higher, and the dollar gave back earlier gains as investors responded to the prospect of a temporary de-escalation.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin climbed back above $70,000 after President Donald Trump said the United States had held \u201cproductive conversations\u201d with Iran and would postpone planned strikes on Iranian power plants and energy infrastructure for five days. In a March 23 post on Truth Social, Trump wrote in capital letters: “BASED ON THE TENOR AND TONE OF THESE […]<\/p>\n","protected":false},"author":720,"featured_media":525687,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[77968,77911,79312,79849,6849],"tags":[81073,79558],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"\nBitcoin price jumps above $70,000 as US announces shock pause on Iran strikes | CryptoSlate<\/title>\n<meta name=\"description\" content=\"Bitcoin surges on diplomatic breakthrough, as Trump's Iran pause ignites risk rally across global markets.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/bitcoin-rockets-to-70000-as-trump-announces-shock-pause-on-iran-strikes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin price jumps above $70,000 as US announces shock pause on Iran strikes\" \/>\n<meta property=\"og:description\" content=\"Bitcoin surges on diplomatic breakthrough, as Trump's Iran pause ignites risk rally across global markets.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/bitcoin-rockets-to-70000-as-trump-announces-shock-pause-on-iran-strikes\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2026-03-23T12:10:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-03-23T20:05:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/03\/bitcoin-price-explode-.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1075\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/bitcoin-rockets-to-70000-as-trump-announces-shock-pause-on-iran-strikes\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/bitcoin-rockets-to-70000-as-trump-announces-shock-pause-on-iran-strikes\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-oluwapelumi-adejumo-1-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-oluwapelumi-adejumo-1-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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