{"id":7134,"date":"2026-03-02T16:43:40","date_gmt":"2026-03-02T16:43:40","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=7134"},"modified":"2026-03-02T16:43:40","modified_gmt":"2026-03-02T16:43:40","slug":"why-bitcoin-surged-toward-70k-at-us-market-open-while-oil-and-natural-gas-rocket-upward","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=7134","title":{"rendered":"Why Bitcoin surged toward $70k at US market open while oil and natural gas rocket upward"},"content":{"rendered":"<p><\/p>\n<div>\n<h2>Bitcoin rises over 6% on the U.S. open as CME premium spikes, and liquidations don\u2019t explain it<\/h2>\n<p>Bitcoin jumped over 6% to threaten $70,000 during Monday\u2019s U.S. market open even as the broader macro environment appears risk-off..<\/p>\n<p>Oil ripped higher on Middle East escalation risk, equities opened sharply lower, and the dollar held firm.<\/p>\n<p>That mix usually pressures high-beta assets.<\/p>\n<p>But BTC pushed higher anyway, and the standard crypto reflex, \u201cshorts got squeezed,\u201d doesn\u2019t fit the numbers.<br \/>Coinglass liquidation data over the past 24 hours showed roughly $423 million in total liquidations, split almost evenly. About $221 million was in longs versus about $203 million in shorts.<\/p>\n<p>That\u2019s not a one-way forced-buying impulse. If anything, it suggests the market was churning through both sides, not ripping higher because a crowded short trade detonated.<\/p>\n<p>The cleaner explanation is plumbing: U.S.-hours liquidity and institutional venues switching back on, then pulling weekend dislocations back into line.<\/p>\n<p>Oil\u2019s surge set the risk backdrop. U.S. crude rose about 7.6% to around $72 and Brent gained about 8.6% to roughly $79, reported market coverage tied to tanker disruption and supply-risk headlines.<\/p>\n<p>Stocks dropped at the open and later pared losses.<\/p>\n<p>European markets fell while defense and energy names outperformed, with natural gas ripping almost 50%.<\/p>\n<p>Yet BTC\u2019s price diverged.<\/p>\n<p>The question for traders is,\u00a0\u201cWhy did BTC find a marginal buyer in a risk-off, inflation-shock session?\u201d<\/p>\n<p>The answer is less about emotion and more about how the ETF era routes flows through U.S. market structure.<\/p>\n<p>That becomes most significant when CME and the ETF hedge complex reopen after a weekend in which spot traded largely on its own.<\/p>\n<table>\n<thead>\n<tr>\n<th>Metric<\/th>\n<th>Print<\/th>\n<th>Why it matters<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>BTC move (U.S. open)<\/td>\n<td>~+6%<\/td>\n<td>Big enough to demand a causal driver beyond \u201cnoise\u201d<\/td>\n<\/tr>\n<tr>\n<td>24h liquidations (total)<\/td>\n<td>~$423M<\/td>\n<td>Modest for 2026 conditions; not a \u201cforced-buying\u201d day<\/td>\n<\/tr>\n<tr>\n<td>Longs vs shorts liquidated<\/td>\n<td>~$221M vs ~$203M<\/td>\n<td>Not a directional squeeze; both sides got cleaned up<\/td>\n<\/tr>\n<tr>\n<td>CME premium vs spot (intraday)<\/td>\n<td>~+1.3% (peaked above +1%)<\/td>\n<td>A U.S.-hours \u201cpay-up\u201d signal that can pull spot via basis trades<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2>Why liquidations weren\u2019t the driver, and what that rules in instead<\/h2>\n<p>Start with what the liquidation print can and can\u2019t do.<\/p>\n<p>A day dominated by forced buying tends to show an obvious imbalance: shorts liquidated far more than longs, and the total notional is large enough to plausibly move the market.<\/p>\n<p>Here, the split was close, roughly $221 million of long liquidations versus $203 million of shorts, and the total was about $423 million.<\/p>\n<p>That profile is consistent with a market snapping around, not a market being mechanically marched higher by buy-to-cover flow.<\/p>\n<p>So what actually moves price when forced flow is muted?<\/p>\n<p>Two things: (1) spot-led demand that arrives at predictable hours and venues, and (2) relative-value and hedging flows that operate even when sentiment is mixed.<\/p>\n<p>On Monday, those mechanisms had a clear schedule.<\/p>\n<p>As U.S. hours came online, the market brought back deeper regulated liquidity: CME futures, U.S. spot participation, and, crucially in 2026, the spot ETF create\/redeem complex and the market makers that hedge it.<\/p>\n<p>The ETF regime changes the identity of the marginal buyer.<\/p>\n<p>Retail can push perpetuals around on weekends, but large spot demand often shows up through the ETF channel during the U.S. session, then gets hedged across venues.<\/p>\n<p>That can create a rally that looks \u201cmysterious\u201d if you only look at liquidations.<\/p>\n<p>U.S. spot bitcoin ETFs logged roughly $1.1 billion of net inflows over three consecutive days last week after 5 weeks of net outflows.<\/p>\n<p>That flow regime can outweigh typical marginal depth, showing how quickly the demand backdrop can shift when the ETF bid is active.<\/p>\n<p>Until later on this evening, we won&#8217;t know whether ETF inflows were positive again today. However, we do have a baseline: in this market structure, you don\u2019t need a liquidation cascade to move BTC 6% if U.S.-hours spot demand and hedging flows lean the same way.<\/p>\n<h2>The CME premium spike is the cleaner \u201cU.S.-hours plumbing\u201d signal<\/h2>\n<p>The most actionable tell on the day was the CME-versus-spot relationship shown as an indicator on the chart below.<\/p>\n<figure id=\"attachment_521819\" aria-describedby=\"caption-attachment-521819\" style=\"width: 944px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-521819 size-large\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/03\/Screenshot-2026-03-02-at-15.53.46-944x1024.png\" alt=\"Bitcoin price spike amid CME premium surge at market open\" width=\"944\" height=\"1024\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/03\/Screenshot-2026-03-02-at-15.53.46-944x1024.png 944w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/03\/Screenshot-2026-03-02-at-15.53.46-276x300.png 276w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/03\/Screenshot-2026-03-02-at-15.53.46-768x833.png 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/03\/Screenshot-2026-03-02-at-15.53.46.png 1010w\" sizes=\"(max-width: 944px) 100vw, 944px\"\/><figcaption id=\"caption-attachment-521819\" class=\"wp-caption-text\">Bitcoin price spike amid CME premium surge at market open<\/figcaption><\/figure>\n<p>Over the weekend, when CME was closed, spot had to absorb headline risk in thinner liquidity.<\/p>\n<p>That is when dislocations form: basis swings, premium flips, and pricing gets sloppy.<\/p>\n<p>When CME reopened Monday, the premium didn\u2019t just normalize.<\/p>\n<p>It widened sharply, with the panel showing the premium pushing to roughly +1.3% after the open (with earlier indications around +0.34% during the normalization phase).<\/p>\n<p>A steep positive CME premium signals institutional positioning.<\/p>\n<p>It typically reflects institutions paying up for regulated exposure or desks using CME to express hedges quickly.<\/p>\n<p>It can also reflect ETF-era mechanics.<\/p>\n<p>If spot ETF demand accelerates, market makers often hedge delta through liquid futures.<\/p>\n<p>When that futures bid arrives faster than arbitrage desks can warehouse the trade, the premium can widen first, and spot can rise as the \u201ccash leg\u201d of arbitrage ramps.<\/p>\n<p>Mechanically, that looks like: buy spot, sell CME.<\/p>\n<p>Even if the end state is basis compression, the path there can lift spot.<\/p>\n<p>Balance-sheet constraints and risk limits matter, too.<\/p>\n<p>Arbitrage capacity is not infinite, and Monday reopen trades can hit when desks are reloading inventory after a weekend gap.<\/p>\n<p>The result is a tape where the premium expands and spot climbs, without needing a liquidation impulse.<\/p>\n<p>This is also why \u201cCME gap\u201d narratives keep resurfacing. However, the dynamic isn\u2019t about gaps being magical.<\/p>\n<div id=\"cs-inline-newsletter-69a5bdc440286\" class=\"cs-inline-newsletter\" data-inline-newsletter=\"\">\n<div class=\"cs-inline-newsletter__inner\">\n<div class=\"cs-inline-newsletter__content\"> <span class=\"cs-inline-newsletter__eyebrow\">CryptoSlate Daily Brief<\/span><\/p>\n<h3 class=\"cs-inline-newsletter__title\">Daily signals, zero noise.<\/h3>\n<p class=\"cs-inline-newsletter__copy\">Market-moving headlines and context delivered every morning in one tight read.<\/p>\n<p> <span><i class=\"fa-regular fa-bolt\" aria-hidden=\"true\"\/> 5-minute digest<\/span> <span><i class=\"fa-regular fa-star\" aria-hidden=\"true\"\/> 100k+ readers<\/span><\/p>\n<\/div>\n<div class=\"cs-inline-newsletter__form-shell\">\n<p class=\"cs-inline-newsletter__privacy\">Free. No spam. Unsubscribe any time.<\/p>\n<p> <i class=\"fa-regular fa-circle-xmark\" aria-hidden=\"true\"\/> <span>Whoops, looks like there was a problem. Please try again.<\/span><\/p>\n<p> <i class=\"fa-regular fa-circle-check\" aria-hidden=\"true\"\/> <span>You\u2019re subscribed. Welcome aboard.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"cs-article-embed\">\n<div class=\"cs-article-embed__media\"> <img loading=\"lazy\" width=\"1024\" height=\"538\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/02\/bitcoin-gap--1024x538.jpg\" alt=\"Do CME gaps always have to fill? Bitcoin\u2019s $60k flush says no\" loading=\"lazy\" decoding=\"async\"\/><img loading=\"lazy\" class=\"lazyload\" width=\"1024\" height=\"538\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/02\/bitcoin-gap--1024x538.jpg\" alt=\"Do CME gaps always have to fill? Bitcoin\u2019s $60k flush says no\" loading=\"lazy\" decoding=\"async\"\/><\/div>\n<div class=\"cs-article-embed__body\"> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">Do CME gaps always have to fill? Bitcoin\u2019s $60k flush says no<\/h3>\n<p class=\"cs-article-embed__summary\">When things are calm, gaps feel like gravity. But when the market panics and wipes out trillions in market cap, they\u2019re just old coordinates.<\/p>\n<p> <span class=\"cs-article-embed__meta-item\">Feb 8, 2026<\/span> <span class=\"cs-article-embed__meta-divider\">\u00b7<\/span> <span class=\"cs-article-embed__meta-item\">Andjela Radmilac<\/span><\/p>\n<\/div><\/div>\n<p>Traders respond to reopened liquidity and clearly defined reference levels as magnets when the market shifts from weekend conditions to full weekday depth.<\/p>\n<p>CME gap levels can become focal points for positioning as the behavioral aspect becomes relevant when the theory gets oversold on social media.<\/p>\n<p>Put simply: if the CME premium is screaming \u201cpay up,\u201d you don\u2019t need to invent a squeeze.<\/p>\n<p>You can describe a market repricing weekend risk on its deepest institutional venue, then pulling spot along through hedges and basis trades.<\/p>\n<h2>Macro looked \u201crisk-off,\u201d but it was an inflation shock, and that can coexist with BTC bids<\/h2>\n<p>The macro setup still frames why BTC\u2019s move looked like a divergence.<\/p>\n<p>Oil was the transmission line. Coverage tied crude\u2019s jump to escalation and shipping and supply risk, including focus on the Strait of Hormuz, linking the move to disruption fears.<\/p>\n<p>The Guardian also stressed the market\u2019s focus on escalation risk and the possibility of higher oil levels if disruption persists, warning of the \u201c$100 oil\u201d conversation returning. That kind of shock is not a classic \u201chide in duration\u201d day.<\/p>\n<p>Higher energy prices can delay rate cuts and keep financial conditions tighter even as growth risks rise, creating a different flavor of risk-off. Stocks reflected the cost shock early, then stabilized somewhat.<\/p>\n<p>So why didn\u2019t BTC simply roll over with equities?<\/p>\n<p>Because BTC can trade as part of a hedge complex when two conditions hold at once: (1) the shock is policy- and inflation-adjacent, not purely deflationary, and (2) there is already structural spot demand capable of absorbing supply during the U.S. session.<\/p>\n<p>In that world, BTC is less \u201cweak dollar beta\u201d and more \u201cflow-led instrument that can catch hedge bids when the plumbing is open.\u201d<\/p>\n<p>That distinction is forward-looking.<\/p>\n<p>If the oil premium persists, macro pressure can cap altcoin beta and compress risk appetite.<\/p>\n<p>BTC can still outperform the rest of crypto if the ETF\/U.S.-hours bid remains persistent, driven by its deeper, more routinized channel for spot demand and hedging activity tied to regulated market flows.<\/p>\n<h2>What to watch next: three dials that decide whether this becomes trend<\/h2>\n<p>Monday\u2019s move sets up a testable framework for the rest of the week.<\/p>\n<p>If you want a causal stack that respects the liquidation data and still explains the rally, track three observable dials that can confirm (or fade) the impulse.<\/p>\n<table>\n<thead>\n<tr>\n<th>Dial<\/th>\n<th>What to measure<\/th>\n<th>Why it matters for BTC<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Oil risk premium<\/td>\n<td>Does Brent hold near the post-spike zone or fade?<\/td>\n<td>Persistent oil strength keeps inflation risk in play and tightens conditions<\/td>\n<\/tr>\n<tr>\n<td>ETF flow persistence<\/td>\n<td>Do we see another multi-day inflow run like late Feb?<\/td>\n<td>Sustained spot demand can override macro headwinds in U.S. hours<\/td>\n<\/tr>\n<tr>\n<td>USD + rates reaction<\/td>\n<td>Does the inflation shock keep the dollar bid and cuts delayed?<\/td>\n<td>A firmer dollar usually caps follow-through unless spot demand is strong<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Then map those dials to scenarios.<\/p>\n<p>If de-escalation headlines fade the oil spike over days, BTC\u2019s Monday pump risks turning into a range trade unless ETF flows re-accelerate.<\/p>\n<p>If the conflict stays contained but the oil premium persists for weeks, BTC can stay resilient but choppy.<\/p>\n<p>In that setup, the rest of crypto often underperforms because tighter conditions punish leverage and liquidity.<\/p>\n<p>If disruption risk grows (the \u201ctail\u201d), the first impulse can still be down as markets de-risk.<\/p>\n<p>But a second impulse can appear if policy expectations shift and hedgers look for non-sovereign exposure with deep U.S. session liquidity.<\/p>\n<table>\n<thead>\n<tr>\n<th>Scenario<\/th>\n<th>Macro cue<\/th>\n<th>BTC implication<\/th>\n<th>Market tell<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>De-escalation (days)<\/td>\n<td>Oil fades; equities stabilize<\/td>\n<td>Rally can fade into range unless spot demand prints<\/td>\n<td>CME premium compresses quickly; spot stalls<\/td>\n<\/tr>\n<tr>\n<td>Contained conflict (weeks)<\/td>\n<td>Oil holds risk premium; conditions stay tight<\/td>\n<td>Choppy but resilient if ETFs keep absorbing supply; alts lag<\/td>\n<td>Premium stays elevated but stable; spot grinds<\/td>\n<\/tr>\n<tr>\n<td>Tail disruption (higher risk)<\/td>\n<td>Shipping\/energy constraints deepen; $100 oil talk returns<\/td>\n<td>Two-phase: initial de-risking, then hedge bids if policy path shifts<\/td>\n<td>Premium spikes repeatedly; spot volatility rises<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The near-term read is straightforward: Monday\u2019s BTC move looks flow-led, not liquidation-led.<\/p>\n<p>If the CME premium stays above 1% into the close and through the next U.S. session, it argues that institutions are still paying up for exposure.<\/p>\n<p>It also suggests arbitrage capacity is absorbing the basis only gradually.<\/p>\n<p>If the premium snaps back fast while spot stalls, it was a reopen dislocation: a strong impulse, weaker trend signal.<\/p>\n<p>Either way, the story is no longer \u201cshorts got rekt.\u201d<\/p>\n<p>It\u2019s \u201cU.S.-hours plumbing turned back on, and the market repriced weekend risk where the deepest liquidity lives.\u201d<\/p>\n<div class=\"post-bottom\">\n<div class=\"price-watch-coins\">\n<div class=\"price-watch-coin\"> <span class=\"heading\">Bitcoin Market Data<\/span><\/p>\n<p>At the time of press <span class=\"press\">4:41 pm UTC on Mar. 2, 2026<\/span>, Bitcoin is ranked #1 by market cap and the price is <strong>up <span class=\"text-number\">3.41%<\/span><\/strong> over the past 24 hours. Bitcoin has a market capitalization of <strong>$1.39 trillion<\/strong> with a 24-hour trading volume of <strong>$53.63 billion<\/strong>. Learn more about Bitcoin \u203a<\/p>\n<p> <span class=\"heading\">Crypto Market Summary<\/span><\/p>\n<p>At the time of press <span class=\"press\">4:41 pm UTC on Mar. 2, 2026<\/span>, the total crypto market is valued at at <strong>$2.37 trillion<\/strong> with a 24-hour volume of <strong>$121.99 billion<\/strong>. Bitcoin dominance is currently at <strong>58.38%<\/strong>. Learn more about the crypto market \u203a<\/p>\n<\/div>\n<\/div>\n<div class=\"post-mentions-and-posted-in\">\n<div class=\"post-info-block post-mentions\">\n<header><span class=\"post-info__label\">Mentioned in this article<\/span><\/header>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Analysis,Derivatives,Featured,Macro,Market,Price Watch#Bitcoin #surged #70k #market #open #oil #natural #gas #rocket #upward1772469820<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin rises over 6% on the U.S. open as CME premium spikes, and liquidations don\u2019t explain it Bitcoin jumped over 6% to threaten $70,000 during Monday\u2019s U.S. market open even as the broader macro environment appears risk-off.. Oil ripped higher on Middle East escalation risk, equities opened sharply lower, and the dollar held firm. That<\/p>\n","protected":false},"author":1,"featured_media":7135,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[2971,91,1526,43,1525,204,779,2972,1527,2973],"class_list":{"0":"post-7134","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ethereum","8":"tag-70k","9":"tag-bitcoin","10":"tag-gas","11":"tag-market","12":"tag-natural","13":"tag-oil","14":"tag-open","15":"tag-rocket","16":"tag-surged","17":"tag-upward"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why Bitcoin surged toward $70k at US market open while oil and natural gas rocket upward - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"Bitcoin surges at market open as traders react to fresh catalysts, driving renewed momentum across crypto markets.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=7134\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Bitcoin surged toward $70k at US market open while oil and natural gas rocket upward\" \/>\n<meta property=\"og:description\" content=\"Bitcoin surges at market open as traders react to fresh catalysts, driving renewed momentum across crypto markets.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=7134\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-03-02T16:43:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/03\/bitcoin-rises.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"9 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=7134\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=7134\",\"name\":\"Why Bitcoin surged toward $70k at US market open while oil and natural gas rocket upward - Crypto News: Latest Cryptocurrency News and Analysis\",\"isPartOf\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=7134#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=7134#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/03\/bitcoin-rises.jpg\",\"datePublished\":\"2026-03-02T16:43:40+00:00\",\"author\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\"},\"description\":\"Bitcoin surges at market open as traders react to fresh catalysts, driving renewed momentum across crypto markets.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=7134#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptonews.uk.com\/?p=7134\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=7134#primaryimage\",\"url\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/03\/bitcoin-rises.jpg\",\"contentUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/03\/bitcoin-rises.jpg\",\"width\":1200,\"height\":630},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=7134#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptonews.uk.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Why Bitcoin surged toward $70k at US market open while oil and natural gas rocket upward\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptonews.uk.com\/#website\",\"url\":\"https:\/\/cryptonews.uk.com\/\",\"name\":\"Crypto News: Latest Cryptocurrency News and Analysis\",\"description\":\"Latest Crypto &amp; 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