Bitcoin spikes to $70K 📈

Crypto market volatility continued into Monday, with Bitcoin jumping to $70,000 for the first time in over two weeks.

Author

Andrew Hayward
March 02, 2026

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📝 What you need to know

Bitcoin wobbled over the weekend, falling to nearly $63,000 after the initial U.S. and Israeli strikes against Iran before rising above $67,000, then cooling again. But on Monday, soon after the stock markets open, Bitcoin and other crypto assets saw a major surge, with BTC touching $70,000 for the first time in weeks.

Analysts told Decrypt that a rebound was expected as uncertainty faded.

“Bitcoin's initial sell-off was almost textbook; markets hate uncertainty more than bad news, and the moment the Iran conflict looked contained, the reflexive bid came back fast,” Ryan McMillin, chief investment officer at Merkle Tree Capital, told Decrypt.

Bitcoin Spikes to $70K as Trump Says 'Large-Scale Operations' Continue in Iran

The price of Bitcoin immediately fell following bombings on Iran this weekend, but then surged Monday as markets began to recover.

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💬 Quote of the Day

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“If oil stays elevated, there will be a risk to a higher inflation print, which is negative for risk assets—and Bitcoin.”

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📚 Watch and Learn

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