Bitcoin Dives as Trump Weighs US Ground Operation in Iran—But It's Rising Again
Bitcoin fell to nearly $65,000 over the weekend amid rising geopolitical tensions as President Trump considers a potential U.S. ground operation in Iran targeting uranium extraction. This escalation in Middle East conflict has contributed to increased market volatility. Despite a 1.2% rebound to around $67,500, investor confidence weakened, with the probability of Bitcoin reaching $84,000 dropping to 41% from nearly 65% earlier in March. Over $400 million in crypto positions were liquidated during the weekend drop. Since the U.S.-Iran conflict began on February 28, Bitcoin is up almost 2%, while the S&P 500 and gold have declined and oil has surged by about 40%. Bitcoin’s price decline is also attributed to month-end rebalancing and inflation concerns. Analysts predict Bitcoin will remain between $67,000 and $72,000 as the quarter ends, though a bearish scenario could see it bottom out between $46,000 and $54,000, according to on-chain analysis.
