Bitcoin surges past $71,000 after Trump delays Iran strikes, oil plunges 11%

Bitcoin jumped over 5 percent Monday to $71,794 after President Trump announced a five-day delay on strikes targeting Iranian energy infrastructure.

The cryptocurrency climbed from two-week lows near $67,371, outpacing equities while Ether and Solana posted parallel gains. Trump's Truth Social post cited productive U.S.-Iran conversations, though Tehran's parliament speaker dismissed claims as market manipulation.

Oil prices plunged 11 percent with Brent falling below $100 per barrel for the first time in days. West Texas Intermediate shed 14 percent intraday before paring losses to around $89, reflecting unwound geopolitical premia.

Gold crashed to $4,098—a four-month low—before surging $400 within hours to above $4,470. The metal tracked shifting safe-haven flows as dollar weakness and Treasury demand followed Trump's pivot.

S&P 500 futures gained 1.5 percent while Treasury yields declined. Markets repriced Federal Reserve paths less hawkishly absent immediate energy shocks.

Strait of Hormuz shipments remained choked at under 5 percent capacity. Trump's delay bought time for Witkoff-Kushner talks mediated through Islamabad channels.

Institutional Bitcoin ETF inflows reversed prior outflows. MicroStrategy added 1,031 BTC last week, pushing holdings past 762,000 coins.

Ether hovered near $2,300 with staking yields steady above 3 percent annualized. Network activity ticked higher absent spot price pressure.

Traders flagged $75,000 Bitcoin resistance where options gamma clusters. Sustained closes above $71,000 validate uptrends toward recent highs.

Iranian Revolutionary Guards maintained threats against Gulf producers. Energy Secretary Chris Wright projected rapid price drops if Hormuz reopens.

OPEC quota cuts and IEA reserve taps cushioned downside. Physical backwardation persisted through near-term contracts.

The reaction tested Bitcoin's maturation beyond traditional safe havens. Crypto captured growth allocations as oil dominance eased temporarily.