Bitcoin Hits $70K as China Freezes Crypto Accounts — What's Next? - Daily Crypto News

Crypto majors are green after major gains on Monday; BTC +2% at $67.6k; ETH +2% at $1,985; SOL +1% at $85. NEAR (+12%), CHZ (+10%), Morpho (+10%) and Virtuals (+7%) led top movers. Stock futures are deep red after oil jumped 8% and concerns over a prolonged Iran War rise. Bitcoin hit $70K briefly Monday amid the US-Iran conflict before pulling back, with other majors ETH, Solana, and HYPE all posting big gains as well before reversing. CRCL stock gained 15% on Monday, now up nearly 60% since last week’s Q4 earnings call. A new Senate housing package deal is moving forward with a ban on CBDCs, backed by the White House. Uniswap won a full dismissal in the remaining state-level claims against them which aimed to make them liable for scam tokens trading on the protocol. Chinese banks are freezing accounts belonging to users who mention “Bitcoin,” “Dogecoin,” or “USDT” in wire transfer memo fields, with China Construction Bank customers reporting no path to unfreeze. Bitcoin’s BIP-110 governance fight escalated Monday as mining pool Ocean produced the first block signaling support for the temporary soft fork targeting non-monetary data.