Bitcoin price approaches $69,000…Oil prices rise 60% in March

Bitcoin surged today with its price testing the $69,200 level before falling to the current $68,000 level.

Markets are awaiting U.S. President Donald Trump’s speech on war with Iran.

Most major digital currencies also performed well; Ethereum price rose above $2,100, while XRP held on to support at $1.30.

ZEC and HBAR saw the largest increases among major digital currencies.

recoverAfter Bitcoin plunges:

Bitcoin fell sharply last week, with the price falling from $69,000 to around $65,600, leading to a drop in investor confidence and a sense of extreme fear.

Bitcoin temporarily stabilized at this level before falling further to $65,000 at the open on Monday.

But buyers returned to the market and prevented further losses, so the currency rose again towards $68,000.

Since then, due to the development of the war in the Middle East, the currency value has experienced some fluctuations.

Bitcoin price rose again and continued to rise today as the President of Iran made statements about being ready to end the war under certain conditions, testing the $69,200 level in conjunction with reports of an upcoming speech from the United States.

On the other hand, oil prices experienced sharp fluctuations in March, especially due to tensions in Iran, one of the world’s largest oil producers, and the continued closure of the Strait of Hormuz.

Oil prices have risen a total of about 60% this month, the biggest monthly gain for the Brent crude contract in decades.

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