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Crypto Markets Rebound as Oil Plunges

Crypto Markets Rebound as Oil Plunges

Olivia Capozzalo & Camila Russo
March 09, 2026

Happy Monday, Defiers!

Bitcoin rallied above $69,000 after G7 energy ministers discussed a potential release of oil stockpiles to compensate for supply disruptions caused by the ongoing Iran conflict. Crude oil spiked above $110 per barrel overnight before reversing sharply.

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