⛓️ Crypto🔴 Bearish

Bitcoin nears $63,000 as U.S. and Israel launch strikes on Iran

CoinDesk|Shaurya Malwa|February 28, 2026 at 06:56 AM|1 views

🤖AI Summary

Bitcoin dropped near $63,000 following U.S. and Israeli strikes on Iran, continuing a pattern where the cryptocurrency sells off during geopolitical shocks before recovering. The selloff occurs due to bitcoin's 24/7 liquidity making it one of the few large assets traders can exit during weekends when traditional markets are closed.

Key Takeaways

→Bitcoin fell to near $63,000 amid geopolitical tensions from U.S. and Israeli strikes on Iran.
→The cryptocurrency follows a recurring pattern of selling off during geopolitical shocks before recovering.
→Bitcoin's 24/7 trading availability makes it a go-to exit asset for traders during weekend market closures.
→The drop demonstrates bitcoin's role as a liquid risk asset rather than a safe haven during crisis periods.
→Weekend geopolitical events disproportionately impact bitcoin due to limited traditional market alternatives.

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