Bitcoin went through another volatile trading session yesterday after the latest developments on the US-Iran war front, going from under $68,000 to a multi-day peak of almost $72,000 before it lost some traction. Several larger-cap alts have charted impressive gains on a 24-hour scale, with ETH going to $2,150 and SOL rising above $90.
Key takeaways
Quick scan — what you need to know:
- Bitcoin went through another volatile trading session yesterday after the latest developments on the US-Iran war front, going from under $68,000 to a multi-day peak of almost $72,000 before it lost…
- Several larger-cap alts have charted impressive gains on a 24-hour scale, with ETH going to $2,150 and SOL rising above $90.
- BTC’s Latest Volatile Session After last week’s rejection at $76,000, bitcoin managed to remain at around $74,000 for a day or so before it tumbled below $71,000 in the hours heading to…
- Its rebound was short-lived as Powell’s hawkish words sent it south once again toward $70,000.
Background
What led here, in plain terms:
- It remained between $69,000 and $71,000 on Saturday, but Trump’s warning to ‘obliterate’ Iran’s power plants if it doesn’t safely reopen the Strait of Hormuz pushed it…
- Once the futures markets opened on Sunday evening and Monday morning, bitcoin dipped again to under $67,500.
- It traded around $68,000 yesterday before Trump announced that the US and Iran had reached some sort of a de-escalation deal and paused all military action against the latter’s power plants.
- However, immediate reports from Iran denied these claims, saying there were no negotiations between the two parties.
Why it matters
Why readers and decision-makers should care:
- The total crypto market cap has added almost $100 billion in a day, and now stands above $2.5 trillion on CG.
- Cryptocurrency Market Overview March 24.
- Source: QuantifyCrypto The post Altcoins Post Double-Digit Gains as Bitcoin (BTC) Reclaims $70K: Market Watch appeared first on CryptoPotato.