According to macro strategist Mark Connors, Bitcoin’s (BTC) price could benefit if the war between the US and Iran continues. Connors, who runs his own BTC advisory firm called Risk Dimensions, stated, “If the war runs longer, that means more spending and more deficit spending. That’s constructive for Bitcoin.“
Bitcoin Gains As US-Iran War Escalates
Connors highlighted that Bitcoin’s (BTC) price depends on liquidity. A surge in oil prices could drive inflation, prompting policymakers to prioritize financial stability. Such a scenario may lead the Federal Reserve to lower interest rates. Lower interest rates could benefit Bitcoin (BTC), as it has often done.
However, one should note that the interest rate cuts of October 2025 and December 2025 did not lead to a rally for Bitcoin (BTC). Instead, the crypto market experienced its largest single-day liquidation in history in October of last year. The market is still recovering from the October market crash. Nonetheless, BTC’s price may see some relief in the coming days as investors buy the dip.
Also Read: Iran War’s Most Precious Resource Isn’t Crude Oil: It’s Water
BTC is already showing signs of improvement as it reclaims $70,000 today, March 10, 2026. According to CoinGecko’s Bitcoin data, BTC’s price has rallied 4.6% in the last 24 hours, 2.8% in the last week, 10.5% in the 14-day charts, and 1.7% over the previous month. However, the original crypto is still down by 14.6% since March 2025.
CoinCodex analysts are also quite bullish on Bitcoin (BTC) for the coming days. The platform anticipates BTC to reclaim $80,072 on March 19, 2026, a level last traded at in late January of this year. Hitting $80,072 from current price levels will entail a rally of about 14%.
Nonetheless, despite the bullish outlook, it is unclear which direction Bitcoin’s (BTC) price could go. The asset tested the $73,000 mark on three occasions over the last month without success. We could see another rejection at the same level.