Bitcoin breaks above $71,000, gold and silver rise collectively, Iran says it is prepared for a long-term war

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Reporter | Liu Xueying

Editor | Jiang Peixia

On March 10, cryptocurrencies continued to rebound, with Bitcoin rising to $71,000. As of 17:53, it had increased over 4% in the past 24 hours; HYPE surged over 11%, with trading volume skyrocketing nearly 180%. Over 82,000 people worldwide were liquidated, with a total liquidation amount of $328 million.

Meanwhile, spot gold’s intraday gain once expanded to 1%, currently above $5,175; spot silver rose 1.8%, around $88.

Several institutions are optimistic about the medium- and long-term performance of gold prices. Cinda Futures stated that it is advisable to observe in the short term, and there may be upward room for gold prices in the medium to long term, suggesting buying on dips. Huaxi Securities predicts that by 2026, gold prices could increase between 10% and 35%.

On the news front, according to CCTV News, the military strikes by the US and Israel on Iran have entered their 11th day. Iranian public opinion generally indicates that, given the current development of the conflict, Iran will continue to organize effective counterattacks against the aggressors, the US and Israel, and is prepared for a long-term war.

According to CCTV News, on the evening of the 9th local time, Trump stated that the strikes on Iran would “end very soon,” but not within this week. He also mentioned that due to market turmoil caused by the attacks, he would lift some sanctions related to oil to stabilize oil prices. However, he is still considering controlling the important shipping route of the Strait of Hormuz.

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Editor: Yang Hongbu