BTC completely turned the tables on this very volatile day.
Extreme volatility continues in the cryptocurrency markets as Bitcoin has hit $67,000 this morning after falling from $63,000.
The likely reason for all of Saturday’s developments is the escalation of tensions in the Middle East, and the latest reports point to regime change in Iran.
It all started this morning when Israel and the US launched several attacks against Iran. The Middle Eastern country retaliated against several countries in the region, including the UAE, Bahrain, Qatar and Saudi Arabia.
In the hours that followed, more reports began to emerge, with the latest major development suggesting that Iran’s supreme leader had been killed. But so far this information comes only from Israeli sources and there is no official confirmation.
US President Donald Trump also recently addressed this situation and warned that he could end it all in a few days and warned that if Iran does not reduce its nuclear development, he will warn of further military actions.
BREAKING: President Trump floats several “tips” for Iran hours after strikes launched by Israel and US, per Axios.
Trump says:
1. He can end the situation in “two or three days”.
2. This includes threatening Iran with further military action if they… https://t.co/xQf5c7nmjb
— Kobeissi Letter (@KobeissiLetter) February 28, 2026
Since the cryptocurrency market is the only financial industry that operates on weekends, it has endured significant volatility as events unfold. After the initial shocks, Bitcoin fell from $66,000 to $63,000 within minutes, and altcoins followed suit.
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However, it picked up again in the hours that followed, advancing to 67,000 minutes even after reports of Khamenei’s death.
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