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Bitcoin Spikes to $70K as Trump Says 'Large-Scale Operations' Continue in Iran

By André Beganski · Published March 2, 2026 · 1 min read · Source: Decrypt
BitcoinMarket Analysis
Bitcoin Spikes to $70K as Trump Says 'Large-Scale Operations' Continue in Iran

The price of Bitcoin jumped to a two-week high near $70,000 on Monday, pushing higher alongside riskier assets as the war launched by the U.S. and Israel on Iran entered its third day.

The leading digital asset by market cap recently changed hands around $68,938, a 4.4% increase over the past day, according to CoinGecko. Some platforms, including Coinbase and CoinMarketCap, showed Bitcoin briefly rising above the $70,000 mark late Monday morning before ticking back down.

Bitcoin had fallen as low as $63,100 early Saturday, following initial word of bombings in Iran, and then ticked up throughout the day amid initial reports of Iran's Supreme Leader Ayatollah Ali Khamenei’s death.

On Monday, Ethereum had risen 3.2% over the past day to $2,032. Meanwhile, Solana and XRP had increased 3.5% to $87 and 1.3% to $1.39, respectively.

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