Key Takeaways
Tom Lee sees March rebound for crypto and US stocks
Bitcoin trades at $66K despite Middle East tension
Ethereum holds near $1,950 as BitMine keeps buying
Oil jumps 13% while US futures slip lower
Lee links gold strength to broader market shift
Bitcoin trades at $66,000 after rebounding from weekend lows near $63,000. The asset has gained over 5% from its recent dip. Tom Lee expects a broader market recovery in March despite geopolitical pressure.
He shared his outlook during a recent CNBC interview. Lee stated that March could mark a turnaround month for risk assets. He added that economic growth remains intact despite current fears.
Tensions in the Middle East triggered sharp weekend volatility. Military strikes targeting Iran’s Supreme Leader sparked retaliatory action. Consequently, markets reacted with swift liquidations and price swings.
Data shows that long liquidations reached nearly $300 million. However, the broader market absorbed the shock without extended panic. Therefore, Bitcoin stabilized quickly above key support levels.
Meanwhile, oil prices jumped 13% to $82 per barrel. This level marks the highest price since July 2024. Rising energy costs added pressure to global equity markets.
US equity index futures declined following the developments. The S&P 500 futures fell 1%, while Nasdaq 100 futures dropped 1.5%. Even so, Lee believes the worst selling could occur this week.
This article was originally published as Bitcoin Holds $66,000 as Market Braces for March Rebound on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Michael Saylor's Strategy Acquires 17,994 Bitcoin for $1.28 Billion, Holdings Reach 738,731 BTC
Strategy, the leading Bitcoin treasury company led by Executive Chairman Michael Saylor, purchased 17,994 Bitcoin for approximately $1.28 billion between March 2 and March 8, 2026, at an average price of $70,946 per coin.
CryptopulseElite30m ago
Bitcoin Shows 'Tentative Signs of Improvement' as Oil Retreats and ETF Inflows Rebound
Bitcoin has climbed more than 4 percent to approximately $69,100 as risk assets steadied following a retreat in oil prices from spike levels tied to Middle East tensions, with on-chain analytics firm Glassnode reporting that internal metrics suggest the worst of recent market stress may be easing.
CryptopulseElite42m ago
Bitcoin rises 4.3% to $69,100, US spot BTC ETF inflows increase to $934 million
Gate News reports that on March 10th, on-chain analytics firm Glassnode's monitoring data showed that Bitcoin rose 4.3% to approximately $69,100. Open interest in futures contracts increased, and there was positive buying in the perpetual contract market. In the United States, spot Bitcoin ETF inflows increased to about $934 million, a 20% rise from the previous week. The data also indicates that current trading volume and network activity remain sluggish, and capital flows are weak.
GateNews43m ago
BTC falls below $69,000, with a daily increase of 0.13%
Gate News Report, March 10th, BTC drops below $69,000, with an intraday increase of 0.13%.
GateNews43m ago
Gate Daily (March 10): Bhutanese government transfers 175 Bitcoins; MicroStrategy adds 17,994 BTC on dips
Bitcoin has recently rebounded strongly, with a price of approximately $68,990. The Bhutan government has transferred another 175 Bitcoins, MicroStrategy has increased its holdings by nearly 18,000 coins, reaching a total of 738,731 coins. Trump stated that the US-Iran conflict will end quickly, oil prices rose less than expected, and overall market sentiment has improved.
MarketWhisper44m ago
