On February 28, 2026, the price of Bitcoin experienced a significant drop, falling below the $64,000 mark amid reports of Israeli missile strikes on Tehran. The escalation of the geopolitical situation in the Middle East has led to increased nervousness among investors, impacting the entire cryptocurrency market.
This is reported by Business • Media
Correction Affects Key Crypto Assets
As of the time of this report, Bitcoin continues to trade below the $64,000 level. The sharp decline has also affected other digital assets: for some positions, the drop exceeded 8%. This indicates a broad correction in the market that has impacted most of the top cryptocurrencies by market capitalization.
Mass Liquidations and Increased Market Pessimism
In the last 24 hours, the volume of liquidations in the futures market exceeded $445 million. More than 135,000 traders were forced to close their positions, with the largest losses recorded in Bitcoin and Ethereum. It is worth noting that the majority of liquidations were in long positions, indicating a panic sentiment and a rapid exit of investors from the market.
The Fear and Greed Index, which reflects the sentiments of market participants, has decreased by two points compared to the data from February 27. This indicates a predominance of pessimistic expectations and a tendency to sell assets.
“The community links this drop to the Israeli strikes on Tehran, the capital of Iran. Bitcoin, as a high-risk asset, is influenced by the macroeconomic backdrop. A similar scenario has been observed before.”
According to recent reports, Israel has declared a state of emergency in the country. Some market participants believe that in the event of further escalation, Bitcoin could test even the $40,000 level.