Bitcoin slips below $69,000/BTC.

VTV.vn - Bitcoin price falls below $69,000 as Middle East tensions escalate, prompting investors to sell off risky assets and putting pressure on the cryptocurrency market.

Bitcoin prices reversed sharply on March 3rd, after surpassing the $69,000/BTC mark earlier in the week on March 2nd. Concerns about a prolonged conflict in the Middle East are driving investors away from risky assets, putting significant pressure on the entire cryptocurrency market.

During this morning's trading session in the European market, the price of Bitcoin briefly dropped by as much as 2.3%, to $67,834/BTC, before recovering slightly to around $68,100/BTC. The sell-off wasn't limited to Bitcoin but also spread to other cryptocurrencies like Ether and Solana, as investors collectively fled risky portfolios.

Market sentiment turned negative as tensions escalated in the Middle East. The military confrontation between the US, Israel, and Iran, along with the threat to close the Strait of Hormuz – a vital global trade route – created a major shock to global investor sentiment.

Cryptocurrencies are highly sensitive to geopolitical shocks and are often referred to as "digital gold"—a favored safe haven for investors. However, recent Bitcoin price movements have defied this trend. While Bitcoin declined in line with risky assets (such as stocks), the price of gold maintained an impressive upward trend before stabilizing on March 3rd.

Pratik Kala, Head of Research at Apollo Crypto, believes this is a normal "cooling-down" phase after the sharp surge with high trading volume on March 2nd. He noted that bitcoin has fluctuated within a range of $65,000 to $70,000/BTC since the beginning of February 2026, so any move beyond this threshold would trigger profit-taking by investors.

Source: https://vtv.vn/bitcoin-truot-khoi-moc-69000-usd-btc-10026030316434929.htm