{"id":1354,"date":"2026-03-10T09:53:30","date_gmt":"2026-03-10T09:53:30","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=1354"},"modified":"2026-03-10T09:53:30","modified_gmt":"2026-03-10T09:53:30","slug":"bitcoin-approaches-70000-as-oil-prices-plunge-following-trumps-comments-on-the-middle-east","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/03\/10\/bitcoin-approaches-70000-as-oil-prices-plunge-following-trumps-comments-on-the-middle-east\/","title":{"rendered":"Bitcoin Approaches $70,000 as Oil Prices Plunge Following Trump\u2019s Comments on the Middle East"},"content":{"rendered":"\n
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After a day of volatile trading triggered by fast evolving events in the Middle East, Bitcoin briefly approached $70,000 as former President Trump commented on the war and the situation in the Strait of Hormuz.<\/p>\n\n\n\n

His remarks caused ripples across financial markets, particularly in oil, where WTI Crude Oil contracts fell below $90 per barrel after earlier surging to $120.<\/p>\n\n\n\n

Trump\u2019s statement that the conflict is nearly over comes at a notable moment, as Iran recently appointed a new Supreme Leader, Mojtaba Khamenei, son of the former leader. Trump expressed strong disapproval of the appointment, calling it a serious mistake.<\/p>\n\n\n\n

Meanwhile, reports continue that several regional countries, including the UAE and Turkey, are intercepting additional drones and missiles launched from Iran.<\/p>\n\n\n\n

Addressing the broader situation, Trump also mentioned that the United States is considering controlling the Strait of Hormuz, which has effectively been closed for days, limiting the transport of goods, primarily oil.<\/p>\n\n\n\n

Following Trump\u2019s comments, oil prices dropped sharply after reaching a multi-year high earlier in the day. At the same time, gold and the S&P 500 saw gains, with gold touching $5,140 per ounce and the S&P 500 climbing above 6,800 points.<\/p>\n\n\n\n

Bitcoin surged from $68,000 to $69,600 on Bitstamp but pulled back and now trades around $69,000. Ethereum surpassed the $2,000 mark, while Solana is trading above $85.#crypto#cryptonews https:\/\/t.me\/coinsignalpublic<\/a> https:\/\/coinsignals.net<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

After a day of volatile trading triggered by fast evolving events in the Middle East, Bitcoin briefly approached $70,000 as former President Trump commented on the...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1354","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/1354","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/comments?post=1354"}],"version-history":[{"count":1,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/1354\/revisions"}],"predecessor-version":[{"id":1356,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/1354\/revisions\/1356"}],"wp:attachment":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/media?parent=1354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/categories?post=1354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/tags?post=1354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}