BTC, ETH, ADA price news: Bitcoin holds $71,000 as Trump warns of Iran oil strikes
Bitcoin maintained $71,000 despite U.S. strikes on Iran's Kharg Island, showing resilience amid geopolitical tension.Summary
Bitcoin was trading around $71,000, holding gains for the week (up 4.2%) despite a sharp reversal after the U.S. bombed Kharg Island, Iran's main crude export facility. This event caused a dip, but the market adapted, suggesting traders now have a framework for pricing geopolitical risk, as reflexive sell-offs have faded. Major cryptocurrencies like Ether, Dogecoin, Solana, and BNB also saw weekly gains. The situation is complicated by former President Trump's warning that he would reconsider sparing oil infrastructure if Iran continued blocking the Strait of Hormuz, raising fears of worse supply disruption. Attention is now shifting to the upcoming Fed meeting (March 17-18), where high oil prices and ongoing conflict could influence rate expectations, potentially impacting risk assets like crypto.
(Source：CoinDesk)