Bitcoin fell to $63,000 as the U.S.-Israel-Iran conflict intensified, according to the source material. The report says investors rotated into safer assets, while major altcoins including ETH, XRP, SOL, ADA, and Dogecoin also dropped by about 10%.
February 28 strikes pushed the regional conflict outward
The source states that on February 28, 2026, the United States and Israel launched large-scale airstrikes across Iran, targeting military sites, key leaders, and major facilities. It also reports that a strike hit the office of Iran’s Supreme Leader Ayatollah Ali Khamenei and that he was killed.
Iran responded with missile and drone attacks aimed at Israel and U.S. military bases in the Gulf. Strikes were also reported in Bahrain, Qatar, Kuwait, Saudi Arabia, Oman, and the UAE, all locations where U.S. forces are present. The situation widened quickly. The source also says Iran threatened to block the Strait of Hormuz, a route that carries roughly 20% to 30% of the world’s oil supply.
Global divisions sharpen as the UN calls for restraint
The conflict is no longer described as a two-sided confrontation. The source says Hezbollah, which it identifies as backed by Iran, fired rockets into northern Israel, and Israel responded with strikes in Lebanon.
France, Germany, and the United Kingdom backed the United States, criticized Iran’s response, and called for talks to prevent the conflict from expanding. China and Russia strongly criticized the U.S. and Israeli strikes, saying the attacks were unjustified and warning that they could worsen the Middle East crisis. The United Nations and many countries also called for restraint and a return to diplomacy.
Bitcoin posts a fifth straight monthly loss
On the market side, the source says Bitcoin ended February down 15%, marking its fifth consecutive monthly decline. A CryptoQuant analyst cited in the article said about 9.09 million BTC were sitting at a loss, equal to nearly 46% of total supply.
The same report points to $58,000 as a historically strong buying zone, saying that level has acted as support in earlier cycles. It does not cite a new on-chain trigger for the move. The sell-off is framed mainly as a reaction to rising geopolitical risk and a shift toward safe-haven positioning.