The cryptocurrency market experienced a broad surge on March 17, with Bitcoin breaking through the $75,000 mark, recording an intraday increase of over 3%. Ethereum also rose sharply, surpassing $2,300 with a gain of nearly 9%. Other major cryptocurrencies, including SOL, XRP, and Dogecoin, advanced in tandem.
Data from CoinGlass indicates that over the past 24 hours, approximately 127,000 traders globally faced liquidations, totaling $570 million.
This rally in digital assets coincided with a significant upswing in European and U.S. stock markets. In contrast, international oil prices saw a sharp decline, and precious metals weakened, with the price of gold hovering around the $5,000 per ounce level.
Bitcoin had reached a record high above $126,000 in October of last year but began a multi-month decline shortly after. For much of this year, its price has fluctuated between $60,000 and $75,000, with several attempts to break decisively higher ultimately failing.
Analysis suggests that since the outbreak of the Iran conflict, Bitcoin's performance has outpaced that of traditional stocks and gold. However, some observers note this may reflect the extent of its prior decline rather than providing a clear indicator of its future trajectory. The leading cryptocurrency remains more than 40% below its peak from October 2025.
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