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BTCC / BTCC Square / Global Cryptocurrency /
U.S.-Israel Strikes on Iran Send Shockwaves Through Crypto Markets

U.S.-Israel Strikes on Iran Send Shockwaves Through Crypto Markets

Author:
Global Cryptocurrency
Published:
2026-02-28 11:29:28
9
2
BTCCSquare news:

Geopolitical tensions reached a boiling point as joint U.S.-Israel military strikes targeted Iranian nuclear facilities and missile sites on February 28, 2026. President TRUMP characterized the operation as 'massive and ongoing,' while Iran vowed retaliation, closing its airspace and warning of a 'crushing response.'

The immediate market reaction was severe. Bitcoin (BTC) led a broad crypto selloff, dropping 8.3% within hours as investors fled to traditional safe havens. ethereum (ETH), Solana (SOL), and Polygon (MATIC) saw even steeper declines of 12-15% across Binance, Coinbase, and Bybit exchanges.

'This is classic risk-off behavior,' said Markus Thielen, head researcher at Matrixport. 'When fighter jets start flying, algorithms treat crypto like tech stocks—and dump first.' The crypto fear-and-greed index plunged to 'extreme fear' levels not seen since the 2022 bear market.

Yet some traders spotted opportunity. Stablecoin volumes spiked 300% on Tether (USDT) and USD Coin (USDC) as investors parked funds. 'Blood in the streets often creates the best entries,' noted a pseudonymous trader on X, pointing to Bitcoin's historical 30-day rebounds after Middle East conflicts.

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