Bitcoin trades close to $66K as Trump confirms continued Iran airstrikes; altcoins stay below strain amid rising tensions.
The crypto market prolonged its losses after President Donald Trump confirmed that U.S. airstrikes on Iran would proceed.
Bitcoin fell under key worth ranges, and main altcoins additionally moved decrease as geopolitical tensions elevated.
Bitcoin and Altcoins Slide as Tensions Rise
BTC didn’t drop under $67,000 primarily based on the newest day by day chart information. The chart reveals BTC buying and selling round $65,979, with a day by day excessive of $67,063 and a low of $65,557.
Value stays close to the $66,000 degree after a pointy decline from earlier highs above $120,000.
Momentum indicators recommend continued weak spot however slowing draw back strain.
The Relative Energy Index is close to 40, which displays a bearish bias however not excessive oversold situations.
The MACD stays under zero, though histogram bars present early indicators of stabilization.
The latest weak spot follows renewed geopolitical tensions after President Trump confirmed continued navy motion in opposition to Iran.
Market individuals reacted to the uncertainty, and danger property, together with cryptocurrencies, skilled volatility.
Nevertheless, technical information signifies that Bitcoin is at the moment testing assist close to the $65,000 zone relatively than breaking down from above $67,000.
Trump Indicators Continued Army Motion
President Trump stated the USA would proceed airstrikes till its aims are achieved.
He urged Iranian navy forces to give up. “These insupportable threats won’t proceed any longer,” Trump stated.
Message from President Donald J. Trump pic.twitter.com/Xhk3ibylSQ
— Fast Response 47 (@RapidResponse47) March 1, 2026
He added, “I as soon as once more urge the Revolutionary Guard, the Iranian navy police, to put down your arms and obtain full immunity or face sure dying.” The feedback had been reported shortly after new strikes had been introduced.
Trump additionally instructed the New York Occasions that he expects hostilities to proceed for a number of weeks.
Israel launched extra strikes focusing on websites in Tehran. Army operations had been additionally expanded to incorporate Iran-backed teams in Lebanon.
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UK Permits Use of Bases for Defensive Strikes
The UK confirmed it will permit the U.S. to make use of British navy bases for defensive strikes.
Prime Minister Keir Starmer stated the choice adopted a proper request from Washington.
“The US has requested permission to make use of British bases for that particular and restricted defensive goal,” Starmer stated.
He added that the choice aimed to forestall missile assaults throughout the area and defend civilians.
The UK authorities acknowledged that the motion was restricted and defensive. Officers cited issues about regional safety and threats to allied nations.
The announcement added to market uncertainty, and crypto costs remained below strain as developments continued.