Bitcoin prices climbed above $72,000 for the first time in more than a week, boosting crypto-related stocks such as Coinbase Global and Strategy higher in pre-market trading. Strategy shares were up nearly 4% in premarket trading, while Coinbase was up nearly 3%.
Since the outbreak of the war in the Middle East, Bitcoin has been experiencing ups and downs. Shortly after the United States and Israel attacked Iran on February 28, the price of Bitcoin fell to $63,000, but then rebounded.
Jack., head of over-the-counter trading at cryptocurrency market maker Wintermute. Jake Ostrovskis, a cryptocurrency analyst, said that soaring oil prices and concerns about slowing economic growth have prompted some investors to bet that Bitcoin will benefit from government stimulus measures.
Ostrovskis pointed out that Bitcoin had a similar trend in April 2025, when the price rebounded after a sharp sell-off triggered by U.S. President Trump’s “Liberation Day” tariffs.