The price of bitcoin (BTC) fell so far this February 28, 2026 to $63,245 and then had a slight recovery. Just 24 hours ago, the digital currency was positioned at $66,000, which represents a drop of 2.68% in that period.
The reason for these price movements is that the president of the United States, Donald Trump announced «major combat operations in Iran»through a video on the TruthSocial social network. Also Israel reported that it is carrying out attacks against the Islamic Republic of Iran.
In turn, Iran is retaliating against several US military installations in the Middle East, according to a US official who remained anonymous, told NBC News.
The following graph, provided by the CoinGecko platform, shows the price movements of bitcoin during the last 24 hours:
In scenarios of growing geopolitical tension, such as the current conflict in the Middle East, there is usually a defensive movement on the part of investors. In these contexts, bitcoin is considered by a large part of the market as a risk asset, which is why it tends to be sold.
In turn, Capital tends to be relocated to instruments perceived as safer.including cash or US Treasury bonds. That rotation towards traditional havens helps explain the drop in the price of BTC in the hours following the military escalation.
The CryptoQuant analyst who identifies himself as Darkfost, comments that «the escalation of the conflict in Iran immediately impacted the behavior of operators in the cryptocurrency markets.» Add this specialist in Bitcoin on-chain metrics:
«The reaction materialized in a sharp increase in selling pressure on derivatives. In just one hour this morning, selling volume skyrocketed by approximately $1.8 billion, reflecting the aggressive influx of sell orders into the market. When viewed through a derivatives pressure index, the move is particularly clear. The indicator fell sharply from 30% to 18%, indicating a rapid change towards a strongly bearish sentiment.
Darkfost, analista on-chain de Bitcoin.
According to the specialist’s interpretation, «this type of imbalance reflects a clear dominance of sellers and a growing aversion to short-term risk. In this environment, market conditions often become more volatile and less predictable. “Flows are driven more by emotion and risk management than structural dynamics, requiring a cautious approach.”
In the past, NoticiasVE has reported similar patterns. For example, on June 13, 2025, Israeli military action against Iran knocked the price of bitcoin below $104,000.