Bitcoin (BTC) jumped to around $70,000, up about 7% from the previous day, after hitting a high near $71,837 on Bitstamp. About $154 million of short positions were liquidated, accelerating the rally. The move pushed Bitcoin’s market capitalization to roughly $1.43 trillion.
Ethereum (ETH) cleared the psychological resistance of $2,000 again, while Binance Coin (BNB) rose about 4.6% to around $652. XRP advanced from $1.35 to $1.41, testing recent highs as SOL, BCH, LINK and WBT climbed more than 5%. Gold-based tokens were weaker, with PAXG and XAUT down more than 2%, as investors rotated into Bitcoin.
Middle East tensions intensified as Iran threatened to disrupt energy flows, sending crude and gas prices higher and weighing on traditional markets. Major indices such as Korea’s KOSPI and Japan’s Nikkei fell as energy-price risks persisted.
President Trump said the U.S. Navy would be deployed to protect ships and provide federal war-risk insurance for tankers, underscoring ongoing energy price pressures in a recovering global economy. However, market analysts expect energy-price pressures to persist as long as the war continues. In particular, as the global economy recovers from last year’s tariff wars, surging energy prices pose a new source of anxiety.
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