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Stocks Soar, Oil Surges, and Bitcoin Defies Gravity Above $70K Amid Escalating Trump-Iran Tensions

Stocks Soar, Oil Surges, and Bitcoin Defies Gravity Above $70K Amid Escalating Trump-Iran Tensions

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2026-03-24 07:47:17

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Stocks rebound and oil climbs as Bitcoin holds above $70K amid Trump-Iran tensions

MARKETS REBOUND SHARPLY as geopolitical tensions between the Trump administration and Iran trigger volatile asset rotations. U.S. equities staged a powerful recovery with the Dow Jones Industrial Average skyrocketing 631 points (1.38%) to 46,208.47, while Brent crude oil surged over 3% to $102.96, dramatically reversing Monday's 11% plunge. Bitcoin, demonstrating its resilience as a macro hedge, reclaimed the critical $70,000 threshold after briefly dipping below $68,000, even as traditional safe-havens like gold fell 1.5% to $4,342.80 an ounce.

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