Bitcoin Climbs to $69K as Oil Ends March Strong

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Oil futures prices ended March with the most significant gains in their nearly 40-year history.

Bitcoin jumped to a new multi-day peak of over $69,200 earlier today as the markets prepare for Trump’s highly anticipated speech on the war against Iran.

Most larger-cap alts are also in the green, with ETH climbing past $2,100 and XRP defending the $1.30 support. ZEC and HBAR have posted the most gains.

BTC Stopped at $69K
The primary cryptocurrency ended the previous business week with a violent price drop that drove it from $69,000 to a then-multi-week low of $65,600, which dragged the entire market sentiment back to ‘extreme fear’ territory. The asset found some support at those levels before it dumped to a new monthly low of $65,000 on Monday morning when the legacy futures markets opened.

The bulls finally reemerged at this point and didn’t allow another breakdown. Instead, BTC began to recover some ground and tapped $68,000 later on Monday. It fell back to $66,400, jumped by two grand, and dipped again to $66,000 yesterday as the war in the Middle East continued to unfold.

Once Iran’s President said his country is ready to end the war if it receives certain guarantees, BTC jumped to $68,400 again, but was stopped. It broke through that level earlier today and tapped $69,200 after reports emerged that US President Trump will address the situation later.


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