Bitcoin Surges Past $70,000 as Trump Iran Post Triggers ₱179.17 trillion ($3 trillion) Market Swing

President Donald Trump posted on Truth Social about conversations with Iran, pushing Bitcoin from the upper $67,000s through $70,000 in five minutes. Trump said the United States and Iran held very good and productive conversations about a complete and total resolution of hostilities. He added that planned strikes on Iranian power plants and energy infrastructure would be delayed for five days. Iran immediately contradicted the claim, stating there had been no contact with Washington.

The geopolitical messaging sent shockwaves through every major market. U.S. stock futures jumped more than 2%, with Dow futures rising about 2.6%. Oil prices tumbled more than 10%, with Brent crude among the hardest hit. The U.S. 10-year yield dropped more than 20 basis points to around 4.30% before settling near 4.36% by press time. Gold slid more than 7% intraday before narrowing its losses.

Analyst Kobeissi estimated the Monday morning move added about ₱119.44 trillion ($2 trillion) in market value. The repricing erased roughly ₱59.72 trillion ($1 trillion) in the reversal that followed. By 8:00 a.m. ET, S&P 500 futures had declined about 120 points from their peak. London's FTSE 100 recovered almost all of a 250-point early slide.

Bitcoin's surge above $70,000 stood out against the broader chaos, with the cryptocurrency shaking off the initial uncertainty faster than traditional assets. The move demonstrated how quickly crypto markets respond to headline risk, particularly around geopolitical developments tied to oil-producing regions. As of March 24, 2026, the total headline-driven swing measured ₱179.17 trillion ($3 trillion) in implied market value across 56 minutes.