Bitcoin targets $75,000, approaching a 25% recovery from February’s low.

Gains were observed in both cryptocurrency and stock markets as tensions in the Strait of Hormuz seemed to diminish somewhat, leading to a decline in oil prices.

Bitcoin (BTC) price on Monday (CoinDesk)

Key points:

• Cryptocurrency values continued to rise during morning U.S. trading on Monday, with bitcoin approaching the $75,000 mark.
• This increase coincided with declining oil prices and a rise in stock prices as worries regarding the Strait of Hormuz subsided.
• Bitcoin miners transitioning to AI infrastructure providers saw gains following Nebius securing a $27 billion agreement with Meta.

Article Overview

BTCBTC$73 470,16◢2,36%

Cryptocurrencies began the week positively, with bitcoin BTC$73,470.16 rising past $74,000 as U.S. stocks also increased following the dip in oil prices.

During morning U.S. trading, BTC reached its highest price since early February at $74,500, reflecting a 3.9% increase in the last 24 hours. The leading cryptocurrency broke out of its six-week trading range, enhancing market sentiment and boosting interest in smaller, higher-risk tokens.

Bitcoin (BTC) price action in 2026 (TradingView/CoinDesk)

Bitcoin’s recovery from its February low of $60,000 is now approaching 25%, a significant increase considering several recoveries of a similar nature during the long crypto winter of 2022. These recoveries were unsuccessful multiple times that year before the final plunge to below $16,000, which coincided with the FTX collapse.

Altcoins have outperformed bitcoin in the past 24 hours. Ether (ETH), solana (SOL), and ADA$0.2856 have each increased by more than 7%, indicating a renewed interest in higher-risk crypto investments following a period of capital primarily focused on bitcoin.

U.S. stock indices also experienced upward movement after recent declines. The Nasdaq and S&P 500 each rose by over 1% during the morning session. Concurrently, oil prices, which have been a major factor in recent macroeconomic fluctuations, retreated. Crude futures fell approximately 4% on Monday after surpassing $100 per barrel over the weekend due to Iranian strikes on energy infrastructure in the Middle East.

The events on Monday occurred as tensions regarding the Strait of Hormuz — a vital oil shipping channel between the Persian Gulf and global markets — seemed to lessen slightly. U.S. President Donald Trump urged other nations to assist in securing this waterway, while reports indicated that some Pakistani oil tankers had successfully crossed the Strait, implying that passage through the corridor has not been entirely disrupted.

On Monday, stocks related to cryptocurrency also saw gains, with Circle (CRCL) rising by 6%. Strategy (MSTR) and Coinbase (COIN) saw increases of approximately 5% and 3%, respectively.

Gains for Bitcoin miners as well

Nebius (NBIS), an AI infrastructure provider based in Amsterdam, finalized an agreement with Meta (META) valued at nearly $27 billion, representing one of the largest AI compute partnerships revealed this year.

As part of the five-year contract, Nebius will deliver around $12 billion in specialized AI compute capacity across various sites. The infrastructure will be constructed using one of the first large-scale deployments of NVIDIA systems, intended to accommodate Meta’s growing AI workloads.

Following this announcement, shares of Nebius surged by approximately 13%, while Meta experienced a 2.5% increase.

This deal appears to be enhancing sentiment across the broader AI compute and data center sector. Among bitcoin-related companies, IREN (IREN) rose by 6%, Galaxy Digital (GLXY) by 8%, and Cipher Mining (CIFR) by 7%.

Additionally, TeraWulf (WULF) secured a $500 million, 364-day senior secured bridge facility led by Morgan Stanley to finance the construction of its data center in Hawesville, Kentucky, providing necessary development funds while longer-term financing is arranged. Shares rose by about 12% following this announcement.