Bitcoin moves on Iran strikes pause ⏸️

President Trump's announcement of "productive" talks with Iran and a pause on planned strikes sent Bitcoin soaring over $71,000—briefly.

Author

Stephen Graves
March 23, 2026

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📝 What you need to know

Bitcoin surged past $71,000 Monday morning, after U.S. President Donald Trump announced a five-day pause on planned strikes against Iran’s energy infrastructure in the wake of “productive conversations” with Iran.

Bitcoin’s price move was short-lived, with the cryptocurrency retracing back below $71,000 and failing to recover weekly losses, in the wake of the $177 million in outflows seen over the past week from crypto ETFs.

Meanwhile, Bitcoin treasury firm Strategy unveiled plans to issue $44 billion in equity in order to fuel future purchases, even as it made its smallest Bitcoin buy in a month.

Bitcoin Tops $71,000 as Trump Postpones Iran Power Plant Strike Plans

The price move came after Donald Trump touted "productive conversations" regarding a cessation of hostilities in the Middle East.

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US / Iran ceasefire before April?

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“The risk is clearly a prolonged conflict which could negatively affect sentiment in all risk assets, but my base case remains that neither side wants, or frankly can tolerate, a drawn-out conflict, so I remain cautiously upbeat for Q2.”

Richard Usher, director of trading at financial infrastructure provider OpenPayd

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