<div id="readability-page-1" class="page"><p>Bitcoin (BTC) rose 4% on March 23 to trade back above the key support level of $70,000 after U.S. President Donald Trump signaled a willingness to de-escalate the war with Iran.</p><h3>Claim 30% Off TipRanks Premium</h3><ul><li>Unlock  hedge fund-level data  and  powerful investing tools  for smarter, sharper decisions  </li><li> Stay ahead of the market with  the latest news and analysis  and maximize your portfolio's potential</li></ul> <p>After falling as low as $67,000 over the weekend, the price of BTC surged as high as $71,000 to start the trading week as markets price in a potential end to the war in Iran. BTC rose alongside stocks as investors rushed back into risk assets, sending the blue-chip Dow Jones Industrial Average up more than 600 points on the day. </p> <p>Bitcoin continues to be volatile and largely rangebound. In recent weeks, BTC has risen as high as $75,000 and dropped as low as $65,000. Despite tentative signs of a meaningful breakout, Bitcoin's price has run into resistance and been unable to remain above the $75,000 level for an extended period. </p> <h2><strong>Risk-On Sentiment</strong></h2> <p>Other cryptocurrencies such as Ethereum (ETH) also rallied after Trump's latest social media post on Iran. ETH gained 5% and is trading above its key support level of $2,000. However, analysts continue to urge caution with crypto, and say the market for digital assets is likely to remain volatile in the near-term.</p> <p>More than $400 million in crypto positions were liquidated in four hours on March 23 as markets were whipsawed by conflicting headlines about U.S.-Iran tensions and the direction of the war. The liquidations, led by Bitcoin, demonstrate how derivatives-heavy markets can turn modest price moves into big losses.</p> <h2><strong>BTC's Three-Month Performance</strong></h2> <p>The chart below shows that Bitcoin has struggled in recent months and declined 22.34% in the last 12 weeks, as the selloff in cryptocurrencies that began in October 2025 continues.</p></div>

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<p>Bitcoin (BTC) surged 4% on March 23, trading above $70,000 after President Trump indicated a de-escalation in U.S.-Iran tensions. The price rose from a weekend low of $67,000 to $71,000, reflecting a broader risk-on sentiment in the market, with the Dow Jones gaining over 600 points. Other cryptocurrencies like Ethereum (ETH) also saw gains. However, analysts warn of ongoing volatility, as evidenced by over $400 million in liquidations in a few hours due to market fluctuations. Bitcoin has faced a 22.34% decline over the past 12 weeks amid a broader crypto selloff.</p>

- Bitcoin (BTC) rose 4% on March 23, surpassing the $70,000 support level following U.S. President Trump's indication to de-escalate tensions with Iran.  
- Other cryptocurrencies like Ethereum (ETH) also experienced gains, yet analysts caution about ongoing volatility in the crypto market, as over $400 million in positions were liquidated in a few hours.  
- Despite the recent surge, Bitcoin has struggled over the past three months, declining 22.34% since the selloff that began in October 2025.

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Bitcoin (BTC) Jumps 4% as Investors Rush Back into Risk Assets