Experts suggest patience; Bitcoin’s long-term outlook remains positive.
Bitcoin prices declined marginally to just above $66,923 on March 2 (10:01 am IST), recovering 2.7 percent from the early low of $65,138, as the market reacted sharply to escalating tensions between the US, Iran, and Israel.
According to Riya Sehgal, Research Analyst at Delta Exchange, bitcoin briefly slipped to $63,000 over the weekend but quickly recovered to near $66,500, showing remarkable structural resilience. The 4-hour BTC chart shows a strong liquidity sweep below recent lows, with buyers defending the $63,800-$65,000 demand zone.
“Persistent inflation, elevated oil prices, and macro uncertainty weigh on risk assets, but Bitcoin’s ability to absorb shocks without breaking structure highlights deep underlying demand. If tensions ease, March could usher in a relief rally,” said Sehgal.
Akshat Siddhant, Lead quant analyst, Mudrex, said, “Historically, geopolitical shocks have triggered short-term volatility but also set the stage for recoveries once uncertainty eases. For long-term investors, such phases often present opportunities to accumulate quality assets gradually, generating better risk-adjusted returns.”
“Despite the bounce, traders remain cautious. Funding rates in the futures market are slightly negative, suggesting mild defensive positioning but no extreme bearish positions,” said CoinSwitch Markets Desk.
Other cryptocurrencies followed the cue. Ethereum was down 1.77 percent, BNB 0.59 percent, XRP 2.64 percent, Solana 3.44 percent, TRON 0.39 percent, Dogecoin 2.58 percent, and Cardano 2.73 percent. Whereas, Tether traded flat while USDC was up 0.01 percent, in the last 24 hours.
Here are the prices of cryptocurrencies as of March 2, 2026 (10:01 am IST).
According to CoinDCX research team, the top gainers for the day include Hyperliquid and Memecore, with a marginal rise of over 2% each, while Pepe, Decred, and Toncoin plunged by more than 7% each, followed by Zcash, OFFICIAL TRUMP, Ondo, Render, and Dash, which dropped over 6% each. Bitcoin enters the monthly trade on a bearish note, recording its 6th consecutive bearish month since 2018-19.
Bitcoin outlook: What should investors do amid US-Israel-Iran conflict?
The recent geopolitical flare-up involving Iran has triggered short-term nervousness across global markets, and crypto has not been immune. Arthur Hayes predicts the ongoing US-Iran conflict may compel the Fed to print more money, ultimately sending Bitcoin higher.
According to Avinash Shekhar, Co-founder & CEO, Pi42, “What we are witnessing is a liquidity-led reaction. Because crypto trades 24 by 7, it often becomes the first market where global investors adjust exposure during geopolitical developments. In the near term, price movements may remain choppy as markets assess the conflict’s trajectory and its impact on inflation, oil prices, and monetary policy expectations.”
Shekhar believes that bitcoin’s structural long-term narrative, linked to institutional adoption and expanding market infrastructure, remains unchanged. “For investors, this is a time to stay disciplined rather than reactive. Periods of macro-driven volatility have historically created selective entry opportunities for patient investors with a medium to long-term horizon.”
“Heightened global geopolitical tensions and a spike in oil prices briefly triggered risk-off sentiment, leading to short-term pressure on crypto as investors rotated toward safer assets. Overall, while macro pressures are creating short-term caution, institutional participation and capital inflows suggest resilience beneath near-term market fluctuations,” said Nischal Shetty, Founder, WazirX.
