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8:58 AM ยท 9 March 2026

Crypto news: Bitcoin gains despite sell-off on global markets amid oil spike ๐Ÿ“ˆ

Cryptocurrencies once again prove that after the recent declines, which “liquidated” a significant number of positions in derivatives markets, their correlation with the traditional equity market remains limited. Naturally, this reduces short-term volatility in response to developments on Wall Street, but it does not automatically make cryptocurrencies beneficiaries of global risk-off sentiment.

  • Bitcoin is rising today toward the $68,000 level, while Ethereum is up 2.5%, despite a sharp over 16% surge in oil prices and a cascading sell-off on Wall Street. Just a few months ago, many market participants would likely have considered such a scenario unlikely. Even the strong rally in the US dollar and higher bond yields have not yet triggered a downward impulse.
  • It appears that demand remains strong enough to absorb supply at current levels. In the medium term, the key resistance zone remains around $74,000–$75,000, which corresponds to the 38.2% Fibonacci retracement of the downward move from mid-January and the 23.6% Fibonacci retracement of the decline that began in October 2025.
  • On the downside, Bitcoin currently finds support in the $60,000–$63,000 range. Price reactions in this area have already shown several times that demand remains relatively strong there. However, another sharp move below $63,000 could open the door to a further strong wave of selling.

Bitcoin (D1 timeframe)

Source: xStation5

9 March 2026, 9:41 AM

OIL: Prices soar to $120 a barrel; Israel bombs Iran's oil facilities ๐Ÿ“Œ

9 March 2026, 9:08 AM

DE40 loses 2.6% ๐Ÿ“‰European stocks under pressure

6 March 2026, 6:59 PM

Daily summary: Indices and crypto decline amid rising oil prices ๐Ÿšฉ Gold and the US dollar move higher

6 March 2026, 5:51 PM

Oil surges 11% amid escalating Middle-East conflict ๐Ÿ“ˆVIX gains driven by fear on Wall Street

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