Bitcoin Holds Above $70K as Iran-U.S. Talks Loom

Bitcoin remains above $70,000 as Iran-U.S. talks loom after Trump’s pause on strikes; altcoins rise and mining stocks rally amid broader market moves.

Rich by Coin

2026-03-24

Bitcoin climbed above $70,000 and held most of its gains after U.S. President Donald Trump announced a five-day pause on strikes against Iranian energy infrastructure. Iranian officials denied the existence of talks, but markets largely brushed it off, with risk assets holding firm through the session. Bitcoin hovered just below $71,000 later in the session, up 3.8% over the past 24 hours. Altcoins outperformed, with ether (ETH), solana and dogecoin rose about 5%.

Crypto-linked equities also rallied, led by bitcoin miners, which have increasingly traded in line with AI infrastructure plays. Hut 8 (HUT) jumped more than 11%, while Bitfarms (BITF), Cipher Mining (CIFR), CleanSpark (CLSK), Riot Platforms (RIOT) and TeraWulf (WULF) advanced 6%-7%. The move followed U.S. President Donald Trump’s announcement of a five-day pause on strikes against Iranian energy infrastructure, citing “productive” diplomatic talks.