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Bitcoin, cryptos under pressure as oil spikes 6% and global markets price in U.S.-Iran conflict

CoinDesk|Shaurya Malwa|March 2, 2026 at 05:26 AM|7 views

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🤖AI Summary

Bitcoin dropped to $66,700 as traditional markets opened following weekend U.S.-Iran military escalation. Oil prices surged 6% to $77 while Asian equities fell 1.4%, indicating broader risk-off sentiment affecting crypto markets.

Key Takeaways

→Bitcoin fell to $66,700 as markets reacted to U.S.-Iran military tensions over the weekend.
→Oil prices spiked 6% to $77 amid geopolitical escalation concerns.
→Asian equity markets dropped 1.4% as risk-off sentiment dominated trading.
→Cryptocurrency markets are following traditional risk assets lower during geopolitical uncertainty.
→The selloff occurred as markets had their first opportunity to price in the weekend's military developments.

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#bitcoin #geopolitical-risk #us-iran-conflict #oil-prices #market-selloff #risk-off #crypto-pressure #asian-markets

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