Bitcoin slipped under $68,800 and is hovering near $68,000 after briefly dipping below $65,000 on Saturday, as traders focus on resistance around $67,250–$68,500. Market sentiment remains deeply risk-off with the Bitcoin Fear & Greed Index at 9, while U.S. spot bitcoin ETFs logged inflows of over $1.13 billion after four months of net monthly outflows.

Bitcoin retreated 7% after approaching the $76,000 level, as risk assets repriced following a hawkish Fed hold and renewed inflation concerns. With oil back above $97 a barrel and macro data staying firm, analysts argue the move looks more like a structural pullback than a leverage-driven unwind. Bitcoin was hovering near $71,000, while CoinGlass data flagged potential $450 million in long-liquidation pressure around $68,000.

During the Iran conflict that began in late February 2026, Bitcoin and gold reacted very differently as the US dollar strengthened and bond yields climbed. Gold initially rallied on safe-haven demand before sliding more than 1% as stronger dollar liquidity and higher Treasury rates weighed on the metal, while bullion was down about 5% for the month. Bitcoin fell to $63,106 on 28 February 2026, then rebounded above $75,000 in early March with a 14% gain, reflecting shifting risk appetite and liquidity conditions rather than a straightforward geopolitical hedge.

Bitcoin climbed above $73,300 before stabilising over $72,500, supported by strong spot ETF inflows of about $767.3 million last week and renewed accumulation by large holders. Ethereum, XRP and Solana also advanced, while analysts highlighted extreme retail fear and ongoing US-Iran tensions as key risks to whether this rebound can evolve into a sustained rally.

Bitcoin's price has increasingly moved in line with US tech equities and indexes such as the Nasdaq and S&P 500, as institutional investors treat it as a growth-style risk asset. Despite correlations as high as 0.73 with a major tech-software ETF and a 0.68 link to the Nasdaq-100 over one 90-day period, most of Bitcoin's volatility still comes from crypto-specific factors, and its multi-year returns have diverged sharply from tech benchmarks.

Blockchain analytics firms report that Bitcoin and other crypto withdrawals from Iranian exchange Nobitex surged roughly 700% within hours of the Tehran airstrikes, with total outflows from local platforms reaching $10.3 million over several days. The spike, which quickly faded as Iran's internet connectivity reportedly fell by about 99%, highlights how digital assets act as a sanctions-era escape valve without significantly moving global crypto prices.

With Bitcoin trading near $63,200, Polymarket markets assign a 17% chance that the price will surpass $75,000, even as technical signals and whale flows point to mounting headwinds. Large holders have reduced but not reversed selling, and strong resistance around $72,200–$73,200 contrasts with key support close to $63,300, leaving price trapped between major levels.

Bitcoin has fallen back under $69,200 after failing to sustain levels above $70,000, with technical readings and onchain indicators signaling a fragile phase in its current cycle. The CVDD metric, cited at $45,225, is being watched as a historically important long-term support zone even as intraday charts highlight resistance near $69,500 and possible downside toward $66,500. Traders are weighing short-term speculative flows against conviction-based holding, with price action clustered around the $68,000–$70,000 band.

Recently released legal files show that Jeffrey Epstein followed Bitcoin from its early price swings, discussed funding key infrastructure, and cultivated ties with major industry figures. The documents describe his role in Blockstream's initial financing, his 2016 proposal for a blockchain-based "Sharia Coin" to wealthy Saudi contacts, and his continued skepticism about buying Bitcoin even near its 2017 peak.