MSTR, COIN, CRCL, HOOD Stocks Rally as Bitcoin Hits $70k Despite U.S.-Iran War

Major crypto stocks rose further after Bitcoin reclaimed the $70,000 level during the trading session. The crypto rallied after a weekend slump that saw Bitcoin fall to the $63,000 level. This came despite rising tensions between the United States and Iran, which threatens to last for up to a month.

Crypto Stocks Outperform as Bitcoin Nears $70K

Crypto-linked equities have managed to perform better than the general market, particularly as the price of Bitcoin neared the psychological price of $70,000. The equities have gained, and investors have reacted positively to the price stability, which has been witnessed in the past few days following the volatility in digital assets.

Strategy Inc. (NASDAQ: MSTR), a company that is the largest publicly traded corporate holder of Bitcoin, gained 5.77% as the price of Bitcoin rallied. The company’s shares have, in the past, reflected the valuation of the asset, and the latest move has seen it perform in line with the price of Bitcoin, which has returned to the upper end of its trading range.

Between February 23rd and March 1st, 2026, Strategy Inc. acquired 3,015 BTC for around $204 million. The company has now raised its total BTC holdings to 720,737 BTC, with the purchase having taken place between February 23rd and March 1st, 2026. The company raised around 229.9 million dollars in net proceeds via at-the-market common and preferred share sales.

Circle Leads Crypto Equity Rally With Strong Momentum

Circle Internet Group Inc. (CRCL) posted the best performance among the group. CRCL stock gained 12.61% on the 2nd of March. The shares traded at an intraday high of $94.80 compared to the previous day’s close of $83.44. Despite the rise, the shares are still 68.29% away from the 52-week high of $298.99. The shares are also 89.98% above the 52-week low of $49.90.

CRCL stock traded the most during the day. The shares traded were 15,206,275 shares, representing 150.6% of its average daily volume of 10,098,108 shares.

Coinbase Global Inc. (COIN) rose by 4% during the day. The stock is typically sensitive to cryptocurrency price movements. The increase in Bitcoin’s price, following the weekend’s volatility, is responsible for the rise.

Robinhood Markets Inc. (HOOD) gained 4.14% during the day. The shares traded at $78.99. The price is slightly below its 20-day moving average of $79.51. The price is also far below its 50-day moving average of $100.34 and its 200-day moving average of $106.92.

Bitcoin Holds Momentum Amid Geopolitical Tensions

The crypto market has reacted substantially to the rising tensions between the US and Iran. The Bitcoin price has fallen from $66,000 to around $63,600 in minutes following the reported strike. However, the price has now risen back above $67,000 following the reported death of Ayatollah Ali Khamenei and is now trading at $70,000.

In an X post, Daan Crypto Trades, an analyst said that Bitcoin has now moved past the high-volume region in its trading range. According to the analyst, the key price for continuation is around $72,000. The key price for support is around $68,000.

Analyst Teo Merce said that there has been aggressive buying of the spot Bitcoin. According to the analyst, it is important that this demand is happening in the spot market and not the derivatives market.