Bitcoin’s price jumped Tuesday to its highest in over one month, bringing crypto stocks like Bitcoin treasury’s Strategy with it.
The Bitcoin price was recently priced at $66,886, up nearly 3% in 24 hours. Over the past seven days, the leading cryptocurrency has risen by close to 6%.
Its rise comes as stocks also trade higher — despite tensions in the Middle East flaring up again.
Nasdaq-listed Strategy (MSTR), formerly MicroStrategy, also jumped above $100 per share on Tuesday.
The price jump comes even as the Bitcoin juggernaut on Monday revealed it did not make its usual crypto buy, instead reporting the sale of a $225 million in MSTR shares, which it used for its dollar reserve.
Strategy stock plunged with the price of Bitcoin last year, and is currently well below its November 2024 peak of $473.83.
The software company, which started buying Bitcoin in 2020 as an inflation hedge, holds at 843,775 BTC, a position worth around $56.2 billion at current prices.
Other Nasdaq-listed crypto stocks, including America’s biggest crypto exchange, Coinbase (COIN) and Bitcoin miner Marathon Digital (MARA), also surged on Tuesday. COIN at the time of writing was up 11% and MARA was trading over 6% higher.
Middle East flare up
Bitcoin’s price has taken a hit so far in 2026, and is currently down nearly 24% year-to-date. Since the leading crypto notched a new record of $126,080 in October, it has shed close to 50% of its value.
The asset first got hit hard in October when the biggest crash in the history of the industry liquidated more than $19 billion in crypto bets.
Then, crypto markets got hit harder after the U.S. and Israel attacked Iran in February, driving oil prices higher and deepening uncertainty around global inflation.
Investors are now not expecting the Federal Reserve to cut interest rates anytime soon. More inflation comes less chance of interest rate cuts, which restricts the liquidity that Bitcoin needs to surge.
Iran and the U.S. continue to fight, ending a truce, but Bitcoin seems immune to the latest flare up.
As of July 20–21, the U.S. carried out its 10th straight night of strikes on Iranian military targets, with Trump vowing retaliation for three American service members killed and the Pentagon reporting nearly 100 U.S. troops injured over two weeks.