#BTCBreaks$71000

Bitcoin experienced a rapid recovery on Monday, rising from $68,500 to $71,801 following President Trump's de-escalation of tensions related to power plants in Iran.

The news created a wave of relief in risk assets. The cryptocurrency subsequently stabilized around $71,000, regaining its $1.4 trillion market value with a 3.2% intraday gain.

The relief was felt most acutely in the energy sector. As the threat of regional power outages diminished, oil prices fell; Brent crude dropped approximately 8% to 13% from intraday highs, beginning to trade around $100 per barrel. This sharp reversal in energy costs served as a driving force for broader markets.

Despite this recovery, bitcoin remains in the red on a weekly basis, trading 4% below its seven-day high. Market data shows a gradual decline from the March 17 peak of $76,013 to Sunday's low of $67,354. Initially, the asset appeared to move inversely to the conflict and briefly served a protective function as "digital gold." However, after more than three weeks of conflict, as the third week of March progressed, the correlation between bitcoin and global equities strengthened.