Bitcoin, Ethereum, XRP Continue to Increase in Value while Dogecoin Remains Stable Amidst Iran Conflict on Its Third Day
March 4, 2026
Major cryptocurrencies like Bitcoin and Ethereum experienced positive movement on Monday, despite the ongoing tensions in the Middle East. Bitcoin saw a 3.10% increase, reaching $69,055.10, while Ethereum rose by 2.68% to $2,036.10. The overall market capitalization of cryptocurrencies globally also rose by 3.29% to $2.35 trillion.
Market analysts pointed out a decrease in selling pressure from recent buyers, suggesting a potential stabilization in the market. At the same time, oil prices surged due to disruptions in the supply chain, and there were mixed results in major stock indexes. Bitcoin is currently facing resistance levels at $83,307 and $84,569, indicating a possibility of further upward movement.
Despite the volatility in the market due to geopolitical tensions, cryptocurrencies like Bitcoin and Ethereum managed to make gains on Monday. Bitcoin surged by 3.10% to reach $69,055.10, while Ethereum saw a 2.68% increase to $2,036.10. The total market capitalization of cryptocurrencies globally also experienced a boost, rising by 3.29% to $2.35 trillion.
Analysts noted a decrease in selling pressure from recent buyers, which could signify a potential stabilization in the market. Additionally, disruptions in the oil supply chain led to a surge in oil prices, while major stock indexes showed mixed results. Bitcoin is currently testing resistance levels at $83,307 and $84,569, suggesting a possible uptrend in the near future.
Despite the ongoing tensions in the Middle East, leading cryptocurrencies like Bitcoin and Ethereum managed to make gains on Monday. Bitcoin surged by 3.10% to $69,055.10, while Ethereum saw a 2.68% increase, reaching $2,036.10. The global market capitalization of cryptocurrencies also rose by 3.29% to $2.35 trillion.
Analysts observed a decrease in selling pressure from recent buyers, hinting at a potential stabilization in the market. Meanwhile, disruptions in the oil supply chain led to a spike in oil prices, and major stock indexes showed a mixed performance. Bitcoin’s resistance levels at $83,307 and $84,569 indicate the possibility of further upward movement in the market.
