Iran strikes shock Bitcoin đź’Ą

Bitcoin fell by more than $2,000 overnight in the hour after the U.S. and Israel began bombing Iran, but has since rebounded—and is still gaining.

Author

Andrew Hayward
February 28, 2026

đź“ť What you need to know

The price of Bitcoin quickly plunged overnight after the United States and Israel began bombing Iran, with the top crypto asset falling from a price above $65,500 to a low near $63,000 within an hour. Altcoins fell similarly during that span.

But Bitcoin and other assets have steadily rebounded in the hours since, with BTC recently changing hands for $66,574. Crypto liquidations have piled up amid the volatility, with $533 million worth of positions impacted over the last 24 hours.

Bitcoin Recovers Following Plunge as US, Israel Begin Bombing Iran

The price of Bitcoin plummeted to nearly $63,000 overnight amid U.S. and Israel strikes on Iran, but has mostly recovered in the hours since.

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