Bitcoin Volatility Persists as Markets React to Geopolitical Tensions

Bitcoin dips below $64k amid geopolitical tensions, then rebounds above $66k while Ethereum clears $1,900; market liquidations exceed $420M in 24 hours.

Rich by Coin

2026-03-02

Bitcoin endured a volatile weekend, slipping below $64,000 after the U.S. and Israel launched military operations against Iran, but rebounded above $66,000 by Sunday. Ethereum followed a similar path, recovering above $1,900 after a drop below $1,840.

XRP rose about 0.08% and Dogecoin gained roughly 0.30% as Ethereum strengthened. Over $420 million was liquidated from the market in the last 24 hours, according to Coinglass, with long liquidations accounting for more than 50% of the total.

Bitcoin’s open interest was largely unchanged over the last 24 hours. Retail and whale traders on Binance remained long on the apex cryptocurrency. Extreme Fear sentiment lingered in the market, according to the Crypto Fear & Greed Index.

Top Gainers (24 Hours): SuperTrust (SUT) up 30.49% to $0.6406; Venice Token (VVV) up 25.09% to $6.64; River (RIVER) up 12.20% to $14.09. The global cryptocurrency market capitalization stood at $2.32 trillion, following a drop of 1.82% over the last 24 hours.