2026-03-03 02:44:09

After the US-Iran conflict impact, the market experienced a "deep V" reversal, with Bitcoin briefly returning to $70,000

Affected by the US-Iran conflict, global markets experienced panic selling over the weekend. On Monday, US stocks opened with a rapid deep V reversal, with the S&P 500 slightly up and the Nasdaq rising 0.36%.
Bitcoin also rebounded in tandem, climbing from a low of $63,000 and briefly breaking through $70,000 during the session. It is currently around $68,300, up 4%-5% over the past 24 hours.
Ethereum is approximately $2,036. Over the past 24 hours, the entire network experienced liquidations of about $359 million, with short positions totaling $227 million. Short covering was the main driver of the rally.
Analysts believe this round of gains is primarily driven by emotional recovery rather than a fundamental reversal. If geopolitical tensions or macroeconomic data weaken, market volatility remains a risk.

BTC1,14%

ETH0,29%

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