Bitcoin and other digital assets fell sharply after the United States and Israel launched strikes on targets in Iran on Saturday, weighing on risk assets. This was reported by Bloomberg.
Bitcoin fell 3.8% to $63,038, then partially reversed the decline and was trading near $64,000 as of 6 a.m. in New York.
Ether, the second-largest by market capitalization token, fell by 4.5% to $1,836.
According to CoinGecko, immediately after the news broke, the total value of digital assets decreased by approximately $128 billion.
Donald Trump said that the United States had launched a military campaign in Iran. He said Iran was working to restart its nuclear program after the US bombing of its nuclear facilities in June.
Oil prices rose on February 27, but remained on track for a week of decline after the continuation of nuclear talks between the US and Iran, which reduced concerns about possible hostilities that could affect supplies.
On February 24, the world’s leading cryptocurrency Bitcoin continued to fall, leading to the sharpest monthly decline in the crypto market in 2022.
On February 23, the Bitcoin rate fell against the backdrop of global instability and US President Donald Trump’s customs policies.
On the night of February 22-23, Bitcoin fell by 4.8% and began trading at $64,300 – this was the lowest level since February 6, 2026.
