BlockBeats News, March 1 — According to Bloomberg, after Iran confirmed the death of Supreme Leader Khamenei in a military operation by Israel, the crypto market rebounded sharply on Sunday morning in Asia.
Bitcoin rose as much as 2.21% to $68,196, then retreated to around $67,300; the previous day, it had fallen 3.8%. Ethereum increased by up to 4.58%, regaining the $2,000 level.
Data shows that after losing about $128 billion in market value the day before, the crypto market had already recovered approximately $32 billion on Sunday morning. Analysts note that due to 24/7 trading in the crypto market, Bitcoin acted as a “liquidity relief valve” during the weekend escalation of geopolitical conflicts, absorbing sell-offs that might have otherwise spilled over into stocks, bonds, and commodities markets.
However, the market still faces uncertainty. Iran has launched counterattacks against multiple locations including Israel, Qatar, the UAE, and Bahrain, and has threatened further strikes against U.S.-related bases. Some traders believe that true price discovery will occur once trading resumes for U.S. stocks and Bitcoin ETFs on Monday.
Derivatives markets also experienced significant volatility. Analysts point out that last Saturday, Bitcoin derivatives sell volume surged by approximately $1.8 billion in just one hour, indicating rising short-term risk aversion. Meanwhile, tokenized commodity contracts linked to oil, gold, and silver on decentralized trading platform Hyperliquid also saw price increases.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
CleanSpark Sells 553 BTC for $36.6M in February as Miners Dump Bitcoin
Bitcoin (CRYPTO: BTC) miners faced a dual dynamic in February: cash-flow optimization through asset sales alongside aggressive capacity expansion to support AI-enabled data-center workloads. CleanSpark reported selling 553 BTC from its February production for roughly $36.6 million while mining 568 B
CryptoBreaking1h ago
Ripple Expands Institutional Trading With Coinbase Derivatives BTC, ETH, SOL, and XRP Futures
Ripple added Coinbase BTC, ETH, XRP and SOL futures to Ripple Prime, its platform that cleared more than $3 trillion in 2025.
Trades are processed through Nodal Clear, giving institutions 24/7 access to CFTC-regulated crypto futures in the U.S.
Ripple has added Coinbase Derivatives’
CryptoNewsFlash2h ago
Bitcoin Slips to $68,000 as Middle East Conflict and US Jobs Data Trigger Sell-Off
Bitcoin surrendered its $70,000 support level, triggering a broader crypto market retreat that wiped out $329 million in leveraged positions. This downturn was fueled by a perfect storm of geopolitical and macroeconomic pressures.
Wiping out the ‘War Gains’
Bitcoin’s midweek resilience
Coinpedia3h ago
