Bitcoin prices have recovered from the decline following the US and Israeli air strikes on Iran and reports of the death of Iran’s supreme leader.
Bitcoin ($BTCThe price reached $68,200 in early morning trading on Coinbase Sunday morning, according to TradingView.
The asset has now recovered all its losses, which fell to $63,000 on Saturday, adding $5,000 in less than 24 hours following news that the US and Israel had launched airstrikes on Iran.
$BTC It is currently trading near Friday’s levels, $67,350 at the time of writing, and remains within its three-week range.
According to Coinglass, approximately 157,000 traders have liquidated in the past 24 hours, totaling $657 million in liquidations, with leveraged longs and shorts being roughly evenly distributed.
Killing of Iran’s supreme leader
Iran’s Supreme Council for National Security announced that Khamenei was killed in his office early Saturday morning, the BBC reported.
US President Donald Trump described the hardline Islamist cleric as “one of the most evil people in history” on his social media platform Truth Social.
“This is justice not only for the Iranian people, but for all the great Americans and people of many countries around the world who were killed and mutilated by Khamenei and his band of bloodthirsty thugs,” he said.
Islamic Revolutionary Guard Corps commander Mohammad Pakpour and Iranian Defense Council Secretary Ali Shamkhani were also killed in the US and Israeli attacks.
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Analyst Ash Krypto said on Sunday: “The market has been buoyed by the news of the death of Iranian Supreme Leader Ayatollah Khamenei as people see it as the end of the US-Iran war.”
“If this dispute shows any signs of resolution before the start of trading on Monday, I think Bitcoin could sustain its gains and move higher,” he added.
sauce: ash crypt
3rd worst February in Bitcoin history
Despite the recent rally, Bitcoin just completed its third-worst February on record, marking the fourth time since 2013 that the asset ended the month in the red.
$BTC It fell just under 15% last month, but its worst February was in 2014, when it fell 31%, followed by 2025, when it fell 17.4%, according to Coinglass.
The asset is also on track to end the first quarter with its worst performance since 2018, down about 23% year-to-date.
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