NewsBTC

Feb 28, 2026

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BEARISH 📉 : Bitcoin falls to $63k amid US-Israel strikes on Iran

The US and Israel launched coordinated strikes on Iran, leading to a significant impact on crypto markets:

• Bitcoin dropped 3.8% to $63,038.
• Ethereum fell nearly 9%, trading below $1,850.
• More than 152,000 traders were liquidated across crypto markets.
• Digital assets experienced a total market value loss of approximately $128 billion.

Conflict Details

• US confirmed "major combat operations" targeting Iran's missile systems and nuclear infrastructure.
• Iran retaliated with missiles and drones targeting US and Israeli interests in the Gulf region.
• Bahrain shut its airspace; explosions reported in Dubai.

Crypto Market Reactions

• XRP decreased by 8% to $1.29.
• Solana, Dogecoin, Cardano, and Chainlink saw losses between 8% and 12%.
• Bitcoin futures liquidations reached $192 million.
• Total crypto asset liquidations hit $515 million within 24 hours.
• The Fear and Greed Index dropped to 14, indicating extreme fear.