BTC Tumbles Under $66K Amid Escalating U.S.-Israel Military Action Against Iran
The post BTC Tumbles Under $66K Amid Escalating U.S.-Israel Military Action Against Iran appeared on BitcoinEthereumNews.com.
TLDR BTC plummeted to approximately $63,000 during the weekend following coordinated U.S.-Israel military operations against Iran, then bounced back toward $67,000 Unconfirmed reports claiming Iran’s Supreme Leader had been assassinated temporarily lifted BTC past $68,000 Oil prices spiked as high as 13%, maintaining downward pressure on risk-sensitive assets like Bitcoin Critical U.S. employment figures due Friday could trigger additional Bitcoin volatility Technical analysis reveals a bearish pennant formation suggesting possible decline to the $52,000 region Bitcoin experienced significant downward pressure throughout the weekend as coordinated military operations by the United States and Israel against Iranian targets sent shockwaves through global financial markets. Bitcoin (BTC) Price The leading digital asset by market capitalization slid to approximately $63,255 on Saturday, representing a decline of roughly 6.5%, before staging a recovery that brought prices back above the psychologically important $67,000 threshold by Monday. As Asian markets opened Monday, BTC was changing hands near $66,197, reflecting a 2.1% daily decline. Feb 2022: Russia attacked Ukraine. $BTC dumped first and then rallied 40%. June 2025: Israel attacked Iran. Bitcoin dumped first and then rallied 25%. Feb 2026: US attacked Iran. Will a similar pattern follow again? pic.twitter.com/b8FLF4aR9p — Ted (@TedPillows) February 28, 2026 The military campaign reportedly resulted in the death of Iran’s Supreme Leader Ayatollah Ali Khamenei — unconfirmed reports that momentarily propelled Bitcoin beyond $68,000 before the rally lost momentum. Tehran retaliated with successive rounds of missile attacks aimed at American and Israeli military facilities. President Trump indicated the military operations would persist for the foreseeable future. $BTC price action is pretty simple lately. We’re waiting for a resolution of this rectangle. Break above $71.8k = bullish; relief rally in store.Break below $62.6k = bearish; $60k or lower in store. One interesting thing: BTC pumped yesterday on the war news re: Iran.… pic.twitter.com/AQTkznNx0r…
Filed under: News - @ March 2, 2026 7:27 am