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Bitcoin Climbs Back Toward $70,000 as Trump Signals Iran Conflict Could Ease
Other major cryptocurrencies also saw gains as risk appetite returned across global markets.
Published on Mar. 10, 2026
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Bitcoin (BTC-USD) rose as much as 2.3% to $70,581 on Tuesday, climbing back toward the $70,000 mark after comments from US President Donald Trump suggested tensions with Iran could ease sooner than expected. Other major digital assets like Ether, XRP, and Solana also saw gains, though the increases moderated later in the day.
Why it matters
The rise in Bitcoin and other cryptocurrencies reflects a broader return of risk appetite across global markets, which had been dampened by concerns over the conflict with Iran. Trump's remarks indicating a potential easing of tensions helped boost investor confidence and drove up prices of risk assets.
The details
Markets appeared to respond to Trump's remarks during a Monday news conference at his resort in Doral, Florida, where he said the conflict with Iran could resolve very soon. The president also indicated his administration was working to keep oil prices down and raised the possibility of waiving some oil-related sanctions while deploying US Navy escorts for tankers traveling through the Strait of Hormuz. Risk assets broadly moved higher after the comments, with the MSCI Asia Pacific Index climbing about 3% and futures signaling European stocks could rise roughly 1.3%, while Brent crude fell about 6% to around $93 a barrel.
- Bitcoin rose as much as 2.3% to $70,581 on Tuesday (March 10, 2026).
- Trump made his remarks during a news conference on Monday (March 9, 2026).
The players
Donald Trump
The President of the United States, who made remarks suggesting tensions with Iran could ease sooner than expected.
Bitcoin (BTC-USD)
The world's largest cryptocurrency, which climbed back toward the $70,000 mark following Trump's comments.
Ether
A major digital asset that also saw gains, rising as much as 1.3%.
XRP
A cryptocurrency that advanced about 1.4% during the session.
Solana
A cryptocurrency that advanced about 1.2% during the session.
What they’re saying
“The conflict could resolve very soon.”
— Donald Trump, President of the United States (Yahoo Finance)
The takeaway
The rise in Bitcoin and other cryptocurrencies reflects a broader return of risk appetite across global markets, which had been dampened by concerns over the conflict with Iran. Trump's remarks indicating a potential easing of tensions helped boost investor confidence and drove up prices of risk assets.
