On March 10, cryptocurrencies continued to rebound, with Bitcoin rising to $71,000, up over 4% in the past 24 hours as of 17:53; HYPE surged over 11%, with trading volume skyrocketing nearly 180%. More than 82,000 people in the global cryptocurrency market were liquidated, with a total liquidation amount of $328 million.
Meanwhile, spot gold's intraday gains once expanded to 1%, currently above $5,175; spot silver rose by 1.8%, around $88.
Multiple institutions hold an optimistic view on gold prices in the medium to long term. Xinda Futures stated that it is advisable to wait and see in the short term, while gold prices may have upward potential in the medium to long term, suggesting to buy on dips. Huaxi Securities predicts that gold prices may rise between 10% and 35% by 2026.
In terms of news, according to CCTV News, the military strikes by the United States and Israel against Iran have entered their 11th day. Iranian public opinion generally points out that, based on the current development of the conflict, Iran will continue to organize effective counterattacks against the aggressors, the U.S. and Israel, and is prepared for a long-term war with them.
According to CCTV News, on the evening of the 9th local time, Trump stated that the strikes against Iran would &#34;end very soon,&#34; but would not conclude this week. He also mentioned that due to the market turmoil caused by the attacks, he would lift some oil-related sanctions to stabilize oil prices. However, he is still considering controlling the important waterway of the Strait of Hormuz

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Bitcoin has surged past $71,000, rising over 4% in the past 24 hours. HYPE has skyrocketed over 11%, with the total liquidation amount in the global cryptocurrency market reaching $328 million. The increase in spot gold has expanded to 1%, while spot silver has risen by 1.8%. Several institutions hold an optimistic view on gold prices in the medium to long term, with Cinda Futures recommending buying on dips, and Huaxi Securities predicting that gold prices will rise between 10% and 35% by 2026. Iran has stated that it is prepared for a long-term war, and Trump has claimed that the strikes against Iran will "end very soon."

- On March 10, cryptocurrency prices rebounded with Bitcoin rising to $71,000, marking a more than 4% increase in 24 hours; HYPE surged over 11% with trading volume drastically increasing by nearly 180%.  
- Over 82,000 traders globally faced liquidation totaling $328 million, while gold prices saw a daily increase of 1% to above $5,175, and silver rose by 1.8% around $88.  
- The U.S. and Israel's military actions against Iran, now in their 11th day, have prompted Iran to prepare for a prolonged conflict, despite U.S. statements suggesting a quick resolution.

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Sprott GLD Miners Etf

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Bitcoin breaks through $71,000, gold and silver rise collectively, Iran claims to be prepared for a long-term war