{"id":62189,"date":"2026-03-02T09:24:27","date_gmt":"2026-03-02T02:24:27","guid":{"rendered":"https:\/\/hbbgroup.net\/bitcoins-turbulent-ride-how-btcs-price-has-fared-with-escalating-mid-east-conflicts\/"},"modified":"2026-03-02T09:24:27","modified_gmt":"2026-03-02T02:24:27","slug":"bitcoins-turbulent-ride-how-btcs-price-has-fared-with-escalating-mid-east-conflicts","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/bitcoins-turbulent-ride-how-btcs-price-has-fared-with-escalating-mid-east-conflicts\/","title":{"rendered":"Bitcoin\u2019s Turbulent Ride: How BTC\u2019s Price Has Fared With Escalating Mid-East Conflicts"},"content":{"rendered":"
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The past few days have seen shocking developments on the geopolitical front, with the United States and Israel launching coordinated strikes against Iran. The operation took place on Saturday, February 28, 2026, and because cryptocurrency markets trade around the clock, Bitcoin\u2019s price action quickly reflected the shock. Bitcoin became the world\u2019s real-time measure of fear, plunging, recovering, and leaving traders bracing for what comes next.<\/span><\/p>\n

The Initial Shock: Bitcoin Tumbles Below $64,000<\/b><\/h2>\n

Bitcoin\u2019s <\/span>price action took a hit <\/span><\/a>almost as soon as reports emerged that US and Israeli forces were conducting military operations inside Iran. Notably, Bitcoin plunged from a price of $65,572 to $63,176 in about an hour overnight following word of the strikes.\u00a0<\/span><\/p>\n

According to <\/span>data from The Kobeissi Letter<\/span><\/a>, over $100 million worth of leveraged Bitcoin longs were liquidated in just 15 minutes after the news broke out. The scale of the sell-off was significant: about $128 billion was wiped off the overall crypto market in a single hour as liquidations surged across global exchanges.\u00a0<\/span><\/p>\n

However, Bitcoin<\/span> did not stay down for long <\/span><\/a>after the initial plunge. The largest cryptocurrency started to stage a rebound as traders speculated on unfolding developments, including confirmation of the death of Iran\u2019s supreme leader Ali Khamenei during the attacks. Early Asian trading saw BTC climb back above $67,000, regaining some ground as markets reevaluated the situation and eased momentary panic.\u00a0<\/span><\/p>\n

BTCUSD currently trading at $66,544. Chart: TradingView<\/a><\/figcaption><\/figure>\n

Bitcoin rose as much as 2.21% above $68,000 following the news of Khamenei\u2019s death, with Coingecko data pointing to an intraday high of $68,043. Still, the recovery has been uneven, with price action reflecting ongoing uncertainty over how the geopolitical tensions will be resolved. At the time of writing, Bitcoin\u2019s price action has corrected a bit from this intraday high and is now trading at $66,310.<\/span><\/p>\n

What Comes Next: Analysts Warn The Rally May Be Fragile<\/b><\/h2>\n

Despite the bounce, market analysts across social media platforms are recommending caution. The real price reaction will happen on Monday when US equity markets and Bitcoin ETFs reopen. As it stands, the attacks are not yet a contained event, with missiles still hitting Dubai and Iranian retaliation across the Gulf. There is also the risk of a full closure of the Strait of Hormuz by Iran.<\/span><\/p>\n

Bitcoin is<\/span> already currently down by<\/span><\/a> almost 50% from its all-time peak of over $126,000 earlier in October 2024, unable to latch on to rallies in gold, silver, and other assets. All eyes will be on Monday\u2019s market open, when the entire traditional investment niche starts to react to the full weight of the world\u2019s most dramatic geopolitical escalation in years. Bitcoin is <\/span>already in a fragile state,<\/span><\/a> and because of that, a move to $60,000 <\/span>could play out during the week<\/span><\/a> if there\u2019s any form of selling pressure.<\/span><\/p>\n

Featured image from Pexels, chart from TradingView<\/em><\/p>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

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