#BitcoinBouncesBack 1. Bitcoin Price Action — From Sharp Drop to Powerful Recovery
Initial Sharp Decline
In late February 2026, coordinated U.S.–Israel strikes on Iran triggered immediate panic in financial markets.
Bitcoin fell from around $68,000–$70,000 down to ~$63,000, marking one of its lowest points in several weeks.
The decline wiped out billions in market capitalization, and forced liquidations in leveraged trading accounts amplified the drop.
Crypto exchanges recorded large sell-offs within minutes, demonstrating Bitcoin's high sensitivity to sudden geopolitical shocks.
Strong Rebou