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Crypto Pulse Daily: Bitcoin Price Falls Below $70K as Iran War Drives US Oil Prices Rise To 2-Year High
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CoinGape Newsletter
March 06, 2026
Bitcoin price has dipped below the $70,000 level after holding above it for the past two days as markets reacted to the ongoing U.S.–Iran war. Surging oil prices pushed risk sentiment lower across global markets, placing pressure on crypto and equities. As oil surged above $86 per barrel on March 6, Bitcoin retreated after its recent rally.
VanEck CEO has predicted that Bitcoin could see a steady climb from its recent downturn, saying the price is already close to its bottom. This projection comes after its pump on Monday, and its BTC ETFs recording $485 million in inflows.
 Circle stock price jumped sharply on Friday as investors responded to strong financial performance and growing demand for its USDC stablecoin. The company’s shares climbed close to $105.74 after buyers stepped in following a brief decline during pre-market trading hours. The rally extended an already strong run for the stock, which has attracted increasing attention from investors in recent weeks. |  Gold price hovered at $5,121.50 on Friday after gold surged in earlier trading sessions. The GOLD recovered as the US-Iran War hit the Second Week, increasing demand for safe-haven assets. Silver also saw strong buying momentum and climbed 2.6% to trade near $84.27 per ounce. Gold had recorded a sharp movement in prices earlier in the week as traders responded to the worsening conflict. The metal spiked up and down briefly to above $5,400 and settled back to the range of around $5,300 in subsequent sessions. |