Bitcoin (CRYPTO: BTC/USD) crossed $70,000 in early Wednesday trading, pulling crypto-related stocks higher in premarket hours amid the Middle East conflict.

The global crypto market capitalization stood at $2.41 trillion, up 4.64% over the past 24 hours.

Bitcoin changed hands at $70,906.31, up 4.85% over 24 hours and 8.29% over the past week, according to data from CoinMarketCap. Ethereum (CRYPTO: ETH/USD) traded at $2,051.11, up 3.67% in 24 hours.

Crypto Stocks Jump In Premarket TradingMarket Context

The rally in crypto-linked stocks came as risk assets attempted to stabilize following global volatility tied to the Middle East conflict.

Oil prices remained elevated after a recent surge,…

Read more on Benzinga