In Asian trading on the morning of March 10th, the price of Bitcoin surged by 2.32% to $70,581 per Bitcoin. This was a positive reversal from the sell-off on March 9th, coinciding with a recovery in regional stock markets as crude oil prices plummeted. Notably, Brent crude oil prices fell 7.7% to $91.37 per barrel that same morning, significantly lower than the peak of $119.5 per barrel reached on March 9th.
The green color also spread to other cryptocurrencies, albeit with more modest margins. Ether, the world's second-largest cryptocurrency, rose 1.3%. Coins like XRP and Solana also recorded gains of 1.4% and 1.2%, respectively.
Digital Asset Capital Management (DACM) believes that the latest messages from President Trump are being interpreted by the market as a signal that the conflict in Iran will end soon. However, DACM also warns investors to be cautious because it cannot be ruled out that the market is misinterpreting the US President's message, or that the parties involved may take unexpected escalatory actions that make a de-escalation of the conflict difficult to achieve.
Experts also note that while the market is reacting positively to diplomatic signals surrounding the situation in the Middle East, investor sentiment remains cautious due to the unpredictable developments in geopolitics .
Source: https://baotintuc.vn/thi-truong-tien-te/bitcoin-lai-cham-moc-70000-usd-20260310125404030.htm
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