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Bitcoin Volatility Surges After Iran Strike, Recovers Ground

March 2, 2026, 12:00 AM149 words10 sourcesAI-Generated · Reviewed by editorial team
Bitcoin
Bitcoin Volatility Surges After Iran Strike, Recovers Ground

Photo: Pexels / Melvin Silva

Bitcoin experienced extreme volatility over the weekend following reports of a U.S.-Israeli strike that killed Iranian Supreme Leader Ayatollah Ali Khamenei. The price plummeted to $63,000 before rapidly rebounding to $68,200, representing a $5,000 swing and $80 billion in market capitalization fluctuation. This triggered approximately $657 million in liquidations across the crypto market, impacting 157,000 traders. While initial reactions mirrored risk-asset behavior, the recovery suggests a potential pricing-in of a contained conflict. ETF flows shifted positive with $875.5 million in inflows between Feb 20-27, partially offsetting prior weeks' outflows. Analysts note Bitcoin remains undervalued relative to gold, potentially signaling a rally. Despite broader market uncertainty, the Altcoin Season Index is rising, indicating altcoins are outperforming Bitcoin, though not necessarily recovering independently. XRP also saw gains, rising above $1.40, alongside Ethereum and Solana. The market remains sensitive to geopolitical developments and upcoming US equity market reactions.

Source Articles

This article is based on analysis of 11 source articles from our news database.

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