By Alexander Osipovich
Bitcoin is up nearly 3% after briefly rising above $74,000 overnight, its highest level since early February.
"Everything else seems to live or die based on oil prices," said Chris Beauchamp, chief market analyst at IG Group. "Bitcoin has been immune to that. It's been finding its own little haven niche."
The world's largest cryptocurrency benefited last week from heavy purchasing by Michael Saylor's Strategy and inflows into exchange-traded funds, Nomura-backed Laser Digital said in a research note.
Still, bitcoin had been beaten down by a monthslong selloff before the Iran war began. It remains more than 40% down from its record of above $126,000 reached in October.
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(END) Dow Jones Newswires
March 16, 2026 07:51 ET (11:51 GMT)
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