Bitcoin Suddenly Falls Below US$70,000 After Trump Signals End of Conflict
Cryptocurrency assets experienced sharp movements after United States President Donald Trump stated that the conflict with Iran was likely to conclude shortly. Trump’s announcement shook the digital asset market, causing Bitcoin to fall back below the psychological level of US$70,000.
During Monday afternoon trading in the United States on 9 March 2026, Bitcoin was tracked at around US$69,000, down from its previous position. This was despite a 2.4 per cent gain recorded in the previous 24 hours.
According to CoinMarketCap data as of 14:45 WIB on Tuesday, 10 March 2026, Bitcoin reduced the losses triggered by Trump’s statement. The world’s most valuable digital asset stood at US$70,305.39, up 3.44 per cent over the previous 24 hours.
Trump’s statement triggered major movements across various global financial markets. He stated that military operations against Iran had progressed much faster than initially anticipated.
“Action against Iran has proceeded much faster than expected within a timeframe of four to five weeks,” Trump said, according to Coindesk on Tuesday, 10 March 2026.
Beyond cryptocurrency, Trump’s remarks triggered turbulence across broader markets. The US equity market climbed, led by a 1.25 per cent surge in the Nasdaq Composite index and a 0.8 per cent rise in the S&P 500 index ahead of market close.
Trump’s comments also provided a boost to shares of cryptocurrency industry-related companies as investors shifted to risk-on sentiment. Circle shares surged approximately 10 per cent, Strategy shares rose around 5 per cent, and Coinbase strengthened by approximately 2 per cent.
On the other hand, energy markets moved in the opposite direction. Crude oil prices, which had previously spiked sharply due to Middle Eastern tensions, began to correct following signals of easing geopolitical strain.
West Texas Intermediate crude oil prices fell sharply to around US$85 per barrel after previously surging to US$120 per barrel on Sunday evening. Overall, crude oil prices recorded a decline of approximately 6 per cent during that trading session.