Amin Ayan is a crypto journalist with over four years of experience in the industry. He has contributed to leading publications such as Cryptonews, Investing.com, 99Bitcoins, and 24/7 Wall St. He has...
Bitcoin clawed back losses within a day after geopolitical turmoil rattled markets across the Middle East, rising sharply following US-Israeli air strikes on Iran and reports that Iran’s Supreme Leader Ayatollah Ali Khamenei had been killed.
Crypto markets initially reacted like risk assets, dropping alongside global uncertainty. However, the rebound suggests traders began pricing in a contained conflict or possible de-escalation.
Despite the rapid recovery, Bitcoin remains trapped within a three-week sideways range. The latest bounce also comes after a difficult month for the asset.
February closed as Bitcoin’s third-worst February on record, with the price falling just under 15%. Only 2014 and 2025 saw steeper declines, according to CoinGlass.
The broader yearly trend remains weak. Bitcoin is down roughly 23% since the start of the year, putting it on track for its poorest first-quarter performance since 2018.
For now, traders appear focused less on technical levels and more on headlines. Further military developments, diplomatic signals or retaliation could continue to drive short-term price swings, leaving the market sensitive to events far beyond the crypto sector.
As reported, Wikipedia co-founder Jimmy Wales has sparked debate by saying Bitcoin could eventually fall below $10,000, arguing the network may continue operating for decades but never fully become global money or a dependable store of value.
