Oil up, dollar up and bitcoin bounces
Last Updated on 8 March 2026 by CryptoTips.eu
After a week of war in Iran (apparently, Republicans don’t want to call it a real war in the United States because Trump would have to ask Congress for approval), it’s striking that Bitcoin is holding up very well while stocks are falling.
Silver, like gold, rose slightly on a weekly basis and joined the largest digital currency as the new “safe haven” alongside the most well-known precious metal.
Oil continues to climb, and many are already predicting an energy crisis like the one in 2022, which would in turn bring high inflation.
GLOBAL OIL SHOCK COMING 💥
— Mr hunter (@TrueGemHunter) March 7, 2026
OIL TO hit above $110 on Monday?
US and Israel are striking Iranian oil infrastructure right now
OIL call volume at ATH.
USOIL crypto futures are trading already over $112 😮 super high price
This will instantly crush the global stock market pic.twitter.com/8otv2rnSKQ
Damage
Stock markets managed to limit the damage on a weekly basis, even though things looked quite worrisome at the start of the week. The Nasdaq closed the week down just over one percent. The S&P 500 lost 2 percent and the Dow 3 percent.
Bitcoin stood out, rising as high as $74,000 during the trading week, breaking out of its descending trend channel for the first time in six months. Other major altcoins fared less well.
Some analysts think we’ve turned the page on crypto winter and that we are at the start of a new leg-up, but I prefer to wait a bit now.
Defense stocks are naturally very popular (as government’s weapons will be depleted), and oil companies also had a pretty good week.
