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Bitcoin outperforms equities in risk-off session as Iran conflict enters third day

CoinDesk|Oliver Knight|March 2, 2026 at 11:30 AM|1 views

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🤖AI Summary

Bitcoin recovered to $66,500 following weekend strikes on Iran that caused $300 million in crypto liquidations. The geopolitical tensions created a risk-off environment where Bitcoin outperformed traditional equities while oil prices surged.

Key Takeaways

→Bitcoin rebounded to $66,500 after initial selling pressure from Iran conflict escalation.
→Weekend strikes on Iran triggered $300 million in cryptocurrency liquidations across the market.
→Bitcoin demonstrated relative strength compared to equities during the risk-off trading session.
→Oil prices jumped significantly as geopolitical tensions in the Middle East intensified.
→Select DeFi tokens outperformed the broader crypto market during the recovery.

Mentioned Tokens

$BTC$0.0000▲+0.0%

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#bitcoin #iran-conflict #liquidations #risk-off #geopolitical #defi #oil-prices #equities

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