Bitcoin Briefly Tops $70,000 as Trump Signals Iran Military Action May End and Oil Prices Plunge Over 40%

Bitcoin (BTC) climbed above $70,000 on March 10, 2026, as U.S. President Trump said in Miami that military action against Iran would "end soon," coinciding with an intraday oil price swing of more than 40% and a sharp crude selloff, Glassnode data show. Onchain data cited by Glassnode indicate "smart money" has stepped up purchases, perpetual futures buying pressure turned positive, and the 20,000,000th BTC has been mined, leaving fewer than 1,000,000 coins in circulating supply. CME FedWatch data show a 98.9% implied probability the Federal Reserve will hold rates at 3.50%–3.75% on March 18, while U.S. spot ETF flows as of March 9 reveal a $167.03M single-day net inflow into BTC products and a $51.32M net outflow from ETH funds. MicroStrategy increased its BTC holdings by 17,994 coins last week after previously spending $4.3B to acquire 48,000 BTC, while altcoins such as Hyperliquid (HYPE), up 11.74% in 24 hours, and privacy-focused Zcash (ZEC) testing the $200 level also saw notable activity; this market information does not constitute investment advice.