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Why Bitcoin surged toward $70k at US market open while oil and natural gas rocket upward

CryptoSlate|Liam 'Akiba' Wright|March 2, 2026 at 04:36 PM|1 views

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🤖AI Summary

Bitcoin surged over 6% toward $70,000 during Monday's U.S. market open, driven by CME premium spikes rather than liquidations. This move occurred against a risk-off macro backdrop with oil and natural gas prices rising due to Middle East escalation concerns, falling equities, and a strong dollar.

Key Takeaways

→Bitcoin jumped over 6% to approach $70,000 during U.S. market open on Monday
→The surge was driven by CME premium spikes rather than liquidation activity
→Bitcoin's rally occurred in a risk-off environment with falling equities and rising dollar
→Oil and natural gas prices spiked higher due to Middle East escalation risks
→Bitcoin's behavior diverged from traditional risk assets during the session

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