(March 11): Bitcoin climbed past US$71,000 (RM278,710) as equity markets fluctuated, with traders responding to uncertainty over future oil supply amid ongoing tensions from the Iran war. The original cryptocurrency rose as much as 4% to US$71,785 on Tuesday before later paring some of those gains to trade around US$70,200. Investors are also piling back into US-listed spot bitcoin exchange-traded funds after the products saw outflows late last week. “The tape has been very strong for bitcoin since the war started, with the US$68,000 region being a very strong support,” said Pratik Kala, the head of research at Apollo Crypto. Traders continued to seek downside protection in options markets, with bitcoin puts traded on Deribit concentrated at the US$60,000 level.

Source: The Edge Markets March 11, 2026 02:23 UTC