Bitcoin Falls Below $66K as U.S.-Israel Strikes on Iran Roil Markets
BTC slid under $66,000 amid escalating U.S.-Israel military action against Iran, while oil and safe-haven assets surged [1].
Bitcoin dropped to roughly $63,000 over the weekend after coordinated U.S.-Israel military operations against Iran, before later recovering toward $67,000; unconfirmed reports that Iran’s Supreme Leader had been killed temporarily pushed BTC above $68,000 [1][2][3].
The strikes drove oil prices sharply higher — rising as much as 13% in some reports — and prompted flows into safe havens while equity futures slid, exerting additional downward pressure on risk-sensitive assets including Bitcoin [1][2][3].
Market technicians flagged a bearish pennant formation, and traders are watching critical U.S. employment figures due Friday as a potential catalyst for further Bitcoin volatility [1][4].
Geopolitical developments and incoming macro data kept crypto markets highly sensitive to news, leaving Bitcoin vulnerable to further swings as the week progresses [1][3].
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Citations
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- 1BTC Tumbles Under $66K Amid Escalating U.S.-Israel Military Action Against IranBlockonomi• Mar 2, 2026
- 3Stocks crash while Bitcoin holds above $66,000 as strikes in Dubai kill 3 peopleCryptopolitan• Mar 2, 2026
- 4Bitcoin (BTC) Tumbles Below $66K Amid U.S.-Israel Military Action Against IranMoneyCheck• Mar 2, 2026
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