{"id":4884,"date":"2026-03-11T14:45:01","date_gmt":"2026-03-11T14:45:01","guid":{"rendered":"https:\/\/capitaliststoday.com\/index.php\/2026\/03\/11\/crypto-market-update-iran-war-drives-oil-derivatives-boom-on-crypto-exchange\/"},"modified":"2026-03-11T14:45:01","modified_gmt":"2026-03-11T14:45:01","slug":"crypto-market-update-iran-war-drives-oil-derivatives-boom-on-crypto-exchange","status":"publish","type":"post","link":"https:\/\/capitaliststoday.com\/index.php\/2026\/03\/11\/crypto-market-update-iran-war-drives-oil-derivatives-boom-on-crypto-exchange\/","title":{"rendered":"Crypto Market Update: Iran War Drives Oil Derivatives Boom On Crypto Exchange"},"content":{"rendered":"<\/p>\n

<\/em>Here’s a quick recap of the crypto landscape for March 11 as of 9:00 a.m. UTC. <\/strong><\/p>\n

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.<\/p>\n<\/p>\n

\n

Bitcoin (BTC)<\/strong> was priced at US$69,624.27, down by 1.7 percent over the last 24 hours.<\/p>\n<\/div>\n

<\/small><\/p>\n

Bitcoin price performance, March 11, 2026.<\/em><\/p>\n

<\/small><\/p>\n

Chart via TradingView<\/p>\n

Ether (ETH) <\/strong>was priced at US$2,022.91, down by 1.6 percent over the last 24 hours.<\/p>\n<\/div>\n

\n

Altcoin price update <\/h3>\n
    \n
  • XRP (XRP)<\/strong> was priced at US$1.37, down by 2.0 percent over 24 hours.<\/li>\n<\/ul>\n
      \n
    • Solana (SOL)<\/strong> was trading at US$85.39, up by 2.1 percent over 24 hours. <\/li>\n<\/ul>\n<\/div>\n
      \n

      Today’s crypto news to know <\/h3>\n

      <\/h4>\n

      <\/h4>\n

      <\/h4>\n

      Oil trading surges on crypto derivatives platform<\/h4>\n

      Volatility in global energy markets is spilling into crypto trading platforms, where oil derivatives have suddenly become one of the most active markets. <\/p>\n

      On decentralized exchange Hyperliquid, an oil-linked perpetual futures contract tracking West Texas Intermediate crude generated about US$1.32 billion in trading volume over the past 24 hours.<\/p>\n

      The surge made oil the second-most traded contract on the platform after Bitcoin.<\/p>\n

      The surge followed the escalation of the US-Israel conflict with Iran, which sent oil prices briefly soaring above US$118 per barrel before retreating. Prior to the conflict, the contract typically saw about US$21 million in daily trading. <\/p>\n

      Data from Hyperliquid shows Bitcoin still dominates trading activity with roughly US$3.64 billion in daily volume, but the WTI contract has now leapfrogged assets such as Ether, silver, and gold. <\/p>\n

      Strategy adds nearly 18,000 Bitcoin in US$1.28 billion purchase<\/h4>\n

      Strategy (NASDAQ:MSTR) continued its aggressive accumulation strategy last week, revealing it purchased 17,994 Bitcoin for about US$1.28 billion between March 2 and March 8. <\/p>\n

      According to a regulatory filing, the company paid an average price of roughly US$70,946 per coin. The latest purchase lifts Strategy\u2019s total holdings to 738,731 Bitcoin, acquired at a combined cost of about US$56.04 billion.<\/p>\n

      China\u2019s top court warns of tougher penalties for crypto crime<\/h4>\n

      China\u2019s Supreme People\u2019s Court has signaled a harder line against cryptocurrency-related financial crime, pledging stricter penalties for individuals using digital assets to launder money or move funds overseas. <\/p>\n

      Chief Justice Zhang Jun issued the warning in the court\u2019s annual report to the National People\u2019s Congress, highlighting the growing role of crypto in cross-border financial offenses.<\/p>\n

      Authorities say the crackdown is part of a broader campaign against technology-enabled crime, which increasingly includes artificial intelligence-driven fraud and coordinated online harassment campaigns known as \u201chuman flesh search.\u201d <\/p>\n

      Despite the ban, enforcement agencies say criminals have continued to exploit digital assets to bypass China\u2019s strict capital controls, which limit individuals to transferring US$50,000 abroad each year. <\/p>\n<\/div>\n

      Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.<\/strong><\/p>\n

      Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.<\/strong><\/strong><\/p>\n

      <\/div>\n<\/p>\n
      This post appeared first on investingnews.com<\/div>\n

      <\/p>\n","protected":false},"excerpt":{"rendered":"

      Here’s a quick recap of the crypto landscape for March 11 as of 9:00 a.m.…<\/p>\n","protected":false},"author":1,"featured_media":4885,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-4884","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/capitaliststoday.com\/index.php\/wp-json\/wp\/v2\/posts\/4884","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/capitaliststoday.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/capitaliststoday.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/capitaliststoday.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/capitaliststoday.com\/index.php\/wp-json\/wp\/v2\/comments?post=4884"}],"version-history":[{"count":0,"href":"https:\/\/capitaliststoday.com\/index.php\/wp-json\/wp\/v2\/posts\/4884\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/capitaliststoday.com\/index.php\/wp-json\/wp\/v2\/media\/4885"}],"wp:attachment":[{"href":"https:\/\/capitaliststoday.com\/index.php\/wp-json\/wp\/v2\/media?parent=4884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/capitaliststoday.com\/index.php\/wp-json\/wp\/v2\/categories?post=4884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/capitaliststoday.com\/index.php\/wp-json\/wp\/v2\/tags?post=4884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}