Crypto Market Update: Bitcoin Price Surge Tests US$75,000 Resistance
March 13, 2026 – Meagen Seatter & Giann Liguid, Investing News Network
Bitcoin recently experienced a notable price surge, challenging the US$75,000 resistance level amid ongoing geopolitical tensions. As of March 13, 2026, Bitcoin (BTC) rose to US$71,213.59, marking a 1.1% increase over the previous 24 hours. During early U.S. trading hours, the cryptocurrency peaked at US$72,482 before stabilizing slightly lower near US$72,200. ### Bitcoin’s Rally Amid Global Uncertainty
This positive momentum extends a rebound started earlier this month following a sharp sell-off triggered by escalating conflict in the Middle East. The outbreak of hostilities involving Iran initially led to widespread liquidation across risk assets, contributing to Bitcoin’s dip. Despite persistent geopolitical anxieties, especially concerns that Iran might effectively close the Strait of Hormuz—crucial for global oil shipments—Bitcoin has exhibited resilience.
The potential closure of this strategic waterway could drive energy prices higher, intensifying inflationary pressures worldwide and complicating prospects for interest rate cuts. Such macroeconomic challenges typically pose difficulties for speculative assets. Nevertheless, institutional interest in Bitcoin continues to grow, reflected in three consecutive weeks of net inflows into U.S. spot Bitcoin exchange-traded funds (ETFs).
Other Cryptocurrencies Follow Positive Trends
Ether (ETH) also registered gains, trading at US$2,103.74, up 1.6% in the same 24-hour period. Among altcoins, XRP increased by 1.6% to US$1.40, while Solana (SOL) saw a 2.4% uptick, reaching US$88.93. ### Industry Developments: BlackRock Launches Staked ETH ETF
In other market news, BlackRock (NYSE: BLK) recently made a significant move by launching its first ETF designed to integrate native staking rewards. The iShares Staked Ethereum Trust (NASDAQ: ETHB) debuted on March 12 with US$107 million in seed assets and achieved US$15.5 million in trading volume on its first day.
This innovative ETF requires that 70% to 95% of its Ethereum holdings be staked, distributing 82% of gross staking rewards as monthly cash payouts to investors. This structure is expected to yield a net annualized return of approximately 1.75% to 1.95%, after fees. To rapidly grow market share, BlackRock is waiving management fees on the first US$2.5 billion of assets.
Regulatory Oversight: CFTC Reviews Prediction Markets
The U.S. Commodity Futures Trading Commission (CFTC) has initiated a review and issued guidance concerning “event contracts,” aiming to bring prediction markets into the formal regulated derivatives framework. This move seeks to clarify the legal landscape that currently sees prediction markets caught between federal securities law and state gambling regulations. The regulatory review process is anticipated to include a lengthy public consultation and rulemaking phase.
Strategic Collaborations and Crypto Community Highlights
HIVE Digital Technologies (TSXV: HIVE, NASDAQ: HIVE) announced a strategic partnership with AMC Robotics (NASDAQ: AMCI) to enhance AI-driven robotics capabilities. AMC will utilize HIVE’s GPU AI compute infrastructure for real-time video processing and navigation in robotics applications. The collaboration aims to accelerate innovation at the intersection of AI, robotics, and intelligent infrastructure.
In an unusual intersection of politics and cryptocurrency, holders of the TRUMP cryptocurrency are currently competing for exclusive invitations to a private luncheon at Mar-a-Lago on April 25, where former President Donald Trump is slated as the keynote speaker. The top 297 token holders will receive luncheon invitations, and the top 29 investors gain access to an additional VIP reception. This competitive model encourages increased accumulation of TRUMP tokens.
However, uncertainty clouds Trump’s attendance, as the event coincides with the White House Correspondents’ Association dinner in Washington.
Additionally, the Trump family’s crypto venture, World Liberty Financial, has introduced a “Super Node” tier for high-net-worth investors. By staking approximately $5 million worth of WLFI tokens for six months, investors gain preferential access to the company’s business development executives and partnership opportunities. Governance-approved, the program requires locking 50 million WLFI tokens for 180 days, with participants also able to earn 2% yield paid in WLFI tokens by engaging in governance votes.
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Disclosure: Neither Meagen Seatter nor Giann Liguid holds direct investment interests in any companies mentioned in this article.