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Bitcoin Slows Advance Toward $67K Amid Tensions With Iran
Bitcoin rose on Tuesday but traded below the highs reached earlier in the week, as escalating geopolitical tensions stemming from the U.S.–Iran conflict largely restrained risk appetite.
The world’s largest cryptocurrency remained within the trading range seen for most of February and continued to post significant losses year to date.
Bitcoin climbed 2.5% to $67,884.4 as of 09:25 GMT.
Bitcoin Remains in February Range Amid Iran Tensions
Bitcoin tracked some strength on Wall Street on Monday, rising to $69,213.3.
However, it continued to trade below $70,000 — a level it has failed to reclaim since late January.
Over the past month, Bitcoin has largely fluctuated between $60,000 and $70,000, as appetite for speculative assets has been dented by a wave of growing uncertainties. Cryptocurrencies in particular remained under pressure, with Bitcoin still down more than 40% from the record highs reached in October.
Risk appetite is expected to remain subdued amid ongoing military actions involving the United States, Israel, and Iran. Leaders of all three countries have shown little indication of de-escalation, while media reports indicated continued hostilities in the Middle East as of Tuesday.
Bitcoin is currently down 22% year to date in 2026. Recent purchases by its largest corporate holder, Strategy, have done little to improve overall crypto sentiment.
Crypto Prices Today: Altcoins Hold Gains, Focus Shifts to Economic Data
The broader crypto market also advanced on Tuesday but traded below Monday’s peaks.
Beyond geopolitics, attention this week is centered on additional key economic data from the United States, particularly February’s nonfarm payrolls report.
The data is likely to influence expectations regarding U.S. interest rates. Several Federal Reserve officials are also scheduled to speak ahead of the jobs report release on Friday.
Cryptocurrency prices are likely to track any shifts in interest rate expectations, given their sensitivity to liquidity conditions and borrowing costs.
The world’s second-largest cryptocurrency, Ether, rose 2.6% to $1,993.79, while XRP gained 0.9% to $1.3621.
Solana climbed 2.9%, while Cardano fell 1.1%. BNB added 2.5%.
Among meme coins, Dogecoin slipped 0.6%, while $TRUMP advanced 1.5%.
