Israeli markets achieved record peaks on March 2, 2026, bucking a global 
downturn despite the onset of a joint U.S.-Israeli military campaign against 
Iran. Markets Reach New Peaks Israeli financial markets surged Monday, March 
2, 2026, just two days after the launch of a joint military operation with the 
United States against Iran. While global […]

Israeli Markets Hit All-Time Highs Amid Military Conflict With Iran

The Bitcoin and Ethereum prices plunged sharply over the weekend as missiles 
flew across the Middle East, exposing just how quickly geopolitical crises can 
send shockwaves through the financial markets. A joint US and Israel strike on 
Iran triggered a violent selloff that wiped out billions of dollars from the 
crypto market in a matter of hours. Fresh reports now indicate that Bitcoin 
and Ethereum are beginning to recover. Still, with geopolitical tensions 
continuing to escalate, it remains uncertain whether this renewed momentum can 
be sustained. Bitcoin Price Recovers After US-Israel War Fueled Crash 
Geopolitical shockwaves rattled global financial markets this past weekend as 
a joint US and Israeli military operation against Iran sent Bitcoin into a 
sharp but brief decline, wiping out millions of dollars in long positions 
before a partial recovery took hold. Notably, BTC plummeted to nearly $63,000 
overnight following the coordinated strikes on Iranian military targets. 
Related Reading: Bitcoin Has Officially Entered Bearish Territory, And It’s 
Headed To $35,000; Chart Shows Within 45 minutes of Israel launching its 
assault, Bitcoin shed $2,500 in value, while more than $200 million worth of 
long positions were liquidated in just one hour. The broader crypto market saw 
roughly $72 billion wiped out amid the chaos. The sell-off was swift and 
severe, with major exchange players including Binance, Coinbase, and trading 
firm Winternute offloading more than $3.5 billion in Bitcoin within a 
20-minute window. This further added downward pressure to the already 
declining and volatile market. Despite the carnage, Bitcoin has since climbed 
back above $66,000, according to CoinMarketCap data, though volatility remains 
elevated as the Middle East conflict shows no signs of immediate resolution. 
Market analysts were quick to explain the technical reasons behind BTC’s price 
decline. One expert noted that Bitcoin did not crash for no reason. She 
explained that because it was the most accessible and highest volume asset 
that trades around the clock, it was significantly exposed to weekend fear and 
panic selling compared to other major asset classes. Ethereum Price Rebounds 
After Massive Sell-Off Ethereum also took a hit alongside Bitcoin following 
news of the US-Israel war. ETH dropped roughly 10% within just one hour of the 
news breaking, falling below $1,900 and erasing all the gains it had made when 
it briefly touched $2,000 last week. At its lowest point, Ethereum fell to 
around $1,850 before rebounding back above $1,950. Related Reading: Are 
Institutions Killing Bitcoin And Ethereum? Here’s How They’ve Fared Since 
Companies Got Involved Notably, the crash triggered sharp declines in Ethereum 
derivatives markets, with millions of dollars in liquidations. A large 
percentage of those liquidations came from long positions, suggesting that 
traders who had bet on Ethereum rising were hit the hardest. In the broader 
context, the Ethereum price was already experiencing a downturn, meaning the 
geopolitical shock had compounded an already painful downtrend for ETH 
holders. In addition to Ethereum, other altcoins, such as XRP, saw major sell- 
offs as geopolitical tensions rose. Featured image from Pixabay, chart from 
Tradingview.com

Bitcoin And Ethereum Prices Are Recovering Again, But Will The US-Israel War Derail It?

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On Monday, bitcoin jumped by 5%, demonstrating significant resilience as 
global markets buckled under the weight of escalating Middle Eastern conflict. 
Equities Tumble Amid Geopolitical Conflict On Monday, March 2, bitcoin ( BTC) 
briefly breached the $70,000 mark, signaling a potential return to its 
“digital gold” status. After plummeting to an intraday low of approximately 
[…]

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