Bitcoin Magazine
Bitcoin Price Rockets to $71,000 as Trump Orders Pause on Iran Strikes
Bitcoin price surged to $71,000 on Monday, rebounding from weekend lows near $67,000, as markets reacted to a sudden shift in geopolitical risk after Donald Trump announced a pause on planned U.S. strikes against Iran.
The move, which followed what Trump described as “very good” and “productive” talks with Tehran, triggered a broad relief rally across risk assets.
Bitcoin price rose roughly 5% into the start of the week, reclaiming key technical levels that traders had identified as critical to maintaining bullish momentum.
The announcement marked a sharp reversal from escalating rhetoric over the weekend, when Washington had threatened strikes on Iranian energy infrastructure if shipping lanes through the Strait of Hormuz were not fully reopened. That ultimatum had pushed global markets into a defensive posture, with oil spiking and equities sliding.
Instead, Trump said via social media that the U.S. would delay any military action for five days, citing ongoing discussions and the possibility of a broader de-escalation. “Very good talks” had taken place over the past 48 hours, he said, raising hopes for an end to hostilities that have destabilized the region for weeks.
Iran’s response cast doubt on that narrative. Officials in Tehran denied that any direct dialogue had occurred, describing Trump’s statement as a tactic aimed at lowering energy prices and buying time for potential military planning.
The country has previously warned it would retaliate against energy infrastructure across the Middle East if attacked.
JUST IN: Bitcoin pumps above $71,000 following President Trump’s announcement of potentially ending the war with Iran pic.twitter.com/VJ6kgG4e71— Bitcoin Magazine (@BitcoinMagazine) March 23, 2026
Bitcoin price and broader markets respond
Despite the conflicting accounts, markets focused on the immediate implication: a pause in escalation.
Oil prices dropped sharply on the news, reversing gains tied to fears of supply disruption. Hundreds of vessels remain stranded around the Strait of Hormuz, a chokepoint that handles a significant share of global energy flows, though some tankers have begun cautiously transiting the corridor.
The reopening of the waterway remains a central condition for any sustained de-escalation.
The prospect of strikes on power plants had represented a potential inflection point in the conflict. Targeting electricity infrastructure could trigger cascading humanitarian and economic consequences, particularly in Gulf states reliant on desalination and cooling systems. Iranian threats to expand retaliation to similar targets across the region heightened those concerns, raising the risk of a wider war.
That scenario now appears temporarily delayed, though far from resolved.
On the ground, military activity continues. Israeli forces have expanded operations i