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Bitcoin (BTC) trades near $63,000 - $64,000 USD on February 28, 2026, suffering a drop of over 3% following increased tensions in the Middle East (attack on Iran) and fears of instability in risk markets. The crypto market is experiencing strong bearish pressure, moving away from the highs close to $98,000 at the end of 2025.
Key market points today:
Drop after conflict: Bitcoin fell after geopolitical tension news, also impacting the stock market.
Accumulated plunge: Bitcoin has declined more than 30% from its all-time highs recorded at the end of 2025.
Bearish context: The market overall shows declines, with analysts observing a high correlation between Bitcoin and other risk assets.
Technical situation: Consecutive declines have been recorded in January and February, marking one of the worst starts to the year.