Bitcoin Spikes After Trump's Post On 'Productive' Talks With Iran; Ethereum, XRP, Dogecoin Also Rally: Analyst Says BTC Can Test $75,000 This Month

Leading cryptocurrencies lifted alongside stocks on Monday, while oil prices fell as President Donald Trump halted strikes against Iranian energy infrastructure after reporting "very good and productive conversations" with Tehran. Cryptocurrency24-Hour Gains +/-Price (Recorded at 9:15 p.m. ET)Bitcoin (CRYPTO: BTC)+4.13%$70,648.63Ethereum (CRYPTO: ETH) +4.55%$2,143.59XRP (CRYPTO: XRP) +2.77%$1.42Solana (CRYPTO: SOL) +5.39%$90.91Dogecoin (CRYPTO: DOGE) +3.27%$0.09352 Crypto Market Rebounds Bitcoin hit an intraday high of $71,782, accompanied by a 80% jump in 24-hour volume. Bitcoin's social chatter also jumped 38%, according to Santiment. 📈 Following the announcement from US President Trump regarding a 5-day strike pause to negotiate with Iran, crypto markets are rebounding. Bitcoin is seeing a +38% jump in social volume, on top of several surging altcoins. pic.twitter.com/KUfLIedf8W— Santiment (@santimentfeed) March 23, 2026 Ethereum nearly reclaimed $2,200, with strong buying pressure resulting in 92% jump in volume Shares of Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closed up 1.87% and 1.67%, respectively. Nearly $660 million was liquidated from the cryptocurrency market over the past 24 hours, mostly from bearish short positions, according to Coinglass data. Open interest in Bitcoin futures rose 3.66% in the last 24 hours. Binance’s derivatives traders, including retail and whale, stayed long on the apex cryptocurrency. Top Gainers (24 Hours) Cryptocurrency (Market Cap>$100 M)Gains +/-Price (Recorded at 9:15 p.m. ET)Jito (JTO) +23.57% $0.3472Undeads Games (UDS) +20.22% $1.79Templar (SN3) +15.43% $26.46 The global cryptocurrency market capitalization stood at $2.42 trillion, following an increase of 3.41% over the last 24 hours. Stocks Rally After Hints Of Iran Ceasefire Stocks kicked off the new trading week on a high. The Dow Jones Industrial Average rallied 631 points, or 1.38%, to end at 46,208.47. The S&P 500 climbed 1.15% to end at 6,581.00, while the tech-focused Nasdaq Composite gained 1.38% to settle at 21,946.76. The uptick came after Trump said that the U.S. held "very good and productive conversations" with Iran and postponed all strikes on the country's energy infrastructure for five days. Iran’s foreign ministry denied any dialogue had taken place, claiming Trump’s move was intended to influence energy prices. Oil prices plunged as West Texas Intermediate crude futures dropped 10% to $88 per barrel. Expectations of a ceasefire curbed safe-haven demand, pulling spot gold down 1.05% to $4,360 per ounce. Bitcoin Needs To Sustain $69,000, Says Analyst Michaël van de Poppe, a well-known cryptocurrency analyst, said that Bitcoin's latest uptick is event-driven. "If this holds and Bitcoin sustains above $69,000, we’re making a higher low and continuing the lower-timeframe uptrend," Van De Poppe said. "In that sense, we can still have a test at $74,000-$75,000 this month. Great bounce on the markets, but all is event-driven. If this holds and #Bitcoin sustains above $69K (as noted earlier), we're making a higher low and continuing the lower-timeframe uptrend.In that sense, we can still have a test at $74-75K this month. pic.twitter.com/t98L8cjjae— Michaël van de Poppe (@CryptoMichNL) March 23, 2026 On-chain analytics firm CryptoQuant reported that the Bitcoin Momentum Whale Ratio, which tracks the rate of change in inflows driven by large holders, reached an 11-year high. "This means that large participants are currently engaged in aggressive accumulation and large-scale capital movement that is surpassing any historical cyclical movements," CryptoQuant said. BTC Momentum Whale Inflow reaches 11-year high"This anomaly suggests an active, high-volume phase of capital redistribution and hedging, implying greater price volatility." – By @gaah_im pic.twitter.com/k8oRRPoFNh— CryptoQuant.com (@cryptoquant_com) March 23, 2026 Photo Courtesy: Marc Bruxelle on Shutterstock.com