Bitcoin (BTC) price fell to $63,245 on February 28, 2026 this year and has since recovered slightly. Just 24 hours ago, the digital currency was sitting at $66,000, which corresponds to a decline of 2.68% in this period.
The reason for these price fluctuations is that the President of the United States President Donald Trump announces ‘massive combat operation in Iran’through videos on the TruthSocial social network. Also Israel has reported that it is carrying out attacks against the Islamic Republic of Iran.
In order, Iran is retaliating An anonymous U.S. official told NBC News that the attack was on multiple U.S. military facilities in the Middle East.
The following graph provided by the CoinGecko platform shows Bitcoin price movements over the past 24 hours.
In scenarios of heightened geopolitical tensions, such as the current Middle East conflict, There is usually a defensive move on the part of investors.. In this situation, Bitcoin is considered a risky asset by a large part of the market, which is why it tends to be sold off.
In order, Capital tends to be redeployed to instruments that are perceived to be saferincluding cash or U.S. Treasury securities. This rotation to traditional havens helps explain the decline in BTC price in the hours following the military escalation.
“The escalation of the Iran conflict had an immediate impact on the behavior of crypto market operators,” said a CryptoQuant analyst who goes by Darkfost. Add Bitcoin on-chain metrics specialist.
“The pullback materialized in the form of a sharp increase in selling pressure on derivatives. In just one hour this morning, selling volume jumped by approximately $1.8 billion, reflecting the aggressive influx of sell orders into the market. The movement is particularly evident when viewed through the Derivatives Pressure Index, which fell sharply from 30% to 18%, indicating a rapid change to very bearish sentiment.
Darkhost, Bitcoin on-chain analyst.
According to the expert’s interpretation: “This type of imbalance reflects a clear dominance of sellers and a growing aversion to short-term risks. In this environment, market conditions are often more volatile and unpredictable. Flows are driven more by sentiment and risk management than by structural dynamics, so a cautious approach is required.”
In the past, CriptoNoticias also reported a similar pattern. For example, on June 13, 2025, Israel’s military action against Iran caused the price of Bitcoin to fall below $104,000.
