The crypto market has continued its freefall led by Bitcoin’s retreat again to the $63,000 mark. The coin had maintained a place above $67,000 for probably the most a part of the week however as since continued its downtrend from Friday buying and selling. Altcoins have additionally posted losses following BTC’s trajectory.
Crypto Market Falls on Amid U.S.-Iran Conflict Tensions
The market has skilled a pointy decline in worth after the information of the strike by the US and Israeli missiles in Iran emerged. This has precipitated international uncertainty, leading to an instantaneous sell-off available in the market. The whole market cap has decreased to $2.21 trillion, down by 5.49% previously 24 hours.
The value of Bitcoin declined to $63,000, down by 5% previously 24 hours. Additionally, Ethereum declined to $1,800, down by 8% previously 24 hours. Additionally, the worth of XRP declined by 7% and Solana by nearly 10%.
The crypto market response was attributed to the coordinated strikes by the USA and Isreal on Iran. President Donald Trump siad in a video message that the US had undertaken a “large and ongoing” operation in opposition to the Islamic Republic. He promised that Tehran wouldn’t purchase a nuclear weapon.
President Donald J. Trump on the USA army fight operations in Iran: pic.twitter.com/LimJmpLkgZ
— The White Home (@WhiteHouse) February 28, 2026
Trump had developed an enormous US army presence within the area in an effort to coerce the nation into concessions within the U.S Iran negotiations on its nuclear program.
“Our goal is to defend the American folks by eliminating imminent threats from the Iranian regime,” he added.
The US army initially launched a collection of strikes in opposition to Iranian targets. The dimensions of the operation remains to be not clear however the operation is predicted to final a number of days. This might futher disrupt the crypto market.
Coverage Uncertainty Holds Sentiment at Excessive Worry
The financial adjustments in the USA has put a damper on the hopes of one other crypto market rally. The PPI information in January 2026 was hotter than economists have been anticipating, and that impacts the rate of interest atmosphere.
When inflation runs sizzling, the Fed has much less room to chop rates of interest. As such, expectations of price cuts have been pushed even additional out. As such, the US greenback rallied on the info, and the rate-sensitive markets, together with the crypto market, have been negatively impacted by the upper yields.
Usually talking, falling rates of interest present liquidity to the markets and increase danger urge for food. Nonetheless, with expectations of price cuts being pushed out, the Crypto Worry & Greed Index has fallen again into excessive worry territory.
