{"id":41918,"date":"2026-03-09T20:14:14","date_gmt":"2026-03-09T20:14:14","guid":{"rendered":"https:\/\/financialrush.com\/?p=41918"},"modified":"2026-03-09T20:14:14","modified_gmt":"2026-03-09T20:14:14","slug":"bitcoin-eyes-70k-oil-prices-dump-as-trump-claims-the-war-is-almost-over","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=41918","title":{"rendered":"Bitcoin Eyes $70K, Oil Prices Dump as Trump Claims the War Is Almost Over"},"content":{"rendered":"

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\n\t\t\t\t\t\t\t\t\tThe S&P 500 and gold are also surging. \t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n

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After a day of more fluctuations prompted by the quickly developing situation in the Middle East, bitcoin\u2019s price aimed at $70,000 minutes ago as Trump addressed the war and the Strait of Hormuz.<\/p>\n

His words sent shockwaves through other financial fields as well, especially with oil, as the CFDs on WTI Crude Oil plunged to under $90 per barrel after skyrocketing to $120 earlier today.<\/p>\n

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BREAKING: President Trump says \u201cI think the war is very complete, pretty much.\u201d<\/p>\n

Oil prices officially turn negative on the day, erasing a gain of +30%, in one of the largest daily reversals ever recorded. pic.twitter.com\/c01Ni9RZIS<\/a><\/p>\n

\u2014 The Kobeissi Letter (@KobeissiLetter) March 9, 2026<\/a><\/p>\n<\/blockquote>\n

The POTUS\u2019s indication that the war is pretty much completed comes in a rather intriguing time, as Iran just chose a new Supreme Leader \u2013 Mojtaba Khamenei, who is the son of the former. Trump repeatedly outlined that he is not happy with the choice, calling it a big mistake.<\/p>\n

At the same time, reports continue to emerge that several countries in the region, including the UAE and Turkey, keep intercepting more drones and missiles from Iran.<\/p>\n

While also addressing the situation in the Middle East, President Trump reportedly added<\/a> that the US is mulling taking over the Strait of Hormuz, which has been essentially closed for days, thus reducing the amount of transported goods, mostly oil.<\/p>\n

As mentioned above, oil prices dumped<\/a> again following Trump\u2019s latest remarks after reaching<\/a> a multi-year peak this morning. Gold and the S&P 500 went on a run, with the former tapping $5,140\/oz, while the latter climbed above 6,800.<\/p>\n

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Bitcoin quickly jumped from $68,000 to $69,600 (on Bitstamp) but was stopped there and now trades around $69,000 again. Ethereum has jumped past $2,000, while SOL is above $85.<\/p>\n

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BTCUSD Mar 9. Source: TradingView<\/figcaption><\/figure>\n

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