This illustration shows photograph shows physical banknotes and coin imitations of the Bitcoin cryptocurrency, taken in Istanbul, Türkiye, Nov. 22, 2024. (AFP Photo)
February 28, 2026 11:58 AM GMT+03:00
The global cryptocurrency market shed nearly $70 billion on Saturday, falling more than 3% after the United States and Israel carried out military strikes on Iran, as digital assets became the first major instruments to react to the geopolitical shock.
With traditional financial markets closed, crypto bore the brunt of the initial risk-off move. Bitcoin, the largest cryptocurrency by market capitalization, slid toward $63,000, down about 3.5% within hours of the strikes and extending its daily loss to 6.3%.
As a result,…
