Bitcoin just faced geopolitical volatility as a weekend move in Iran shut down traditional markets and key support remains intact.
Bitcoin (BTC)’s daily loss was close to 4% on Saturday as the US and Israel announced military action in Iran.
Main points:
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Bitcoin targets $63,000 as US President Donald Trump approves massive bombing campaign inside Iran.
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Trump emphasizes nuclear infrastructure as the main target of joint raids with Israel.
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Crypto markets are reacting to the fact that TradFi trading is suspended until the futures return.
Trump Tells Iranians: ‘Take Over Your Government’
Data from TradingView showed BTC price action testing $63,000 as crypto markets reacted to the weekend’s events.
US President Donald Trump said in a video message that the purpose of this move was to target Iran’s nuclear infrastructure, but at the end of it he called on the Iranians to take control of the current government.
“When we are finished, take over your government; it will be yours,” he said.
“This will probably be your only chance for generations. For years you’ve asked America for help, but it never came.”
With the US stock market futures yet to open, crypto was just deciding how to react to the new geopolitical instability.
Data from CoinGlass showed liquidations had reached $250 million in the four hours at the time of writing.
The Kobeissi Letter business source wrote in response to X that “America and Israel are now at war with Iran for the second time in 8 months.”
Kobeisi mentioned Iran’s previous attack in 2025 – an event that triggered an immediate and volatile reaction across crypto assets and risk.
Bitcoin reacts to familiar signals
With BTC/USD’s key support levels still holding, the new rally comes at a key time for traders as the final hours approach the end of February.
related to: Price Predictions 2/27: BTC, ETH, XRP, BNB, SOL, DOGE, BCH, ADA, HYPE, LINK
As Cointelegraph reported, the pair is now down to about the same level as February 2025, sealing its fifth consecutive month of losses – something it hasn’t experienced in seven years.
Hot US inflation data added another headwind for Bitcoin bulls on Friday after they tried and failed to retake key support levels at $70,000.
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