Bitcoin’s Turbulent Ride: How BTC’s Price Has Fared With Escalating Mid-East Conflicts

Bitcoin plunged from $65,572 to $63,176 following U.S.-Israel military strikes against Iran on February 28, 2026, wiping $128 billion from crypto markets. BTC later recovered above $68,000 on news of Iranian Supreme Leader Khamenei's death, but analysts warn the rally remains fragile ahead of Monday's market open.

• →Bitcoin dropped nearly $2,400 in an hour following news of U.S.-Israeli strikes against Iran, with over $100 million in leveraged longs liquidated in 15 minutes.
• →The crypto market lost $128 billion in value during the initial sell-off as geopolitical tensions escalated.
• →Bitcoin recovered above $68,000 following reports of Iranian Supreme Leader Khamenei's death during the attacks.
• →BTC is already down nearly 50% from its October 2024 all-time high of over $126,000, making it vulnerable to further selling pressure.
• →Analysts warn Monday's market open will be critical as traditional markets react to the geopolitical crisis, with potential downside to $60,000.