Bitcoin jumps to US$72,000 as US–Israel vs Iran war enters its sixth day
Bitcoin (BTC) price shows extraordinary resilience, leaping beyond the psychological level of US$72,000 (around Rp1.22 billion) on Thursday, 5 March 2026. The move comes as the Middle East conflict—the US–Israel and Iran war—enters its sixth day with intensifying intensity. Based on CoinMarketCap data at 11:03 WIB, Bitcoin rose 6.96% to US$72,495 after dipping around US$63,000 earlier in the week. Data from the Pintu exchange shows BTC reaching a 24-hour high of Rp1,246,591,921.
The sharp rise in Bitcoin coincides with battlefield reports that Iran launched a wave of retaliatory missiles toward Israeli territory on Thursday dawn. Meanwhile, the joint military operation ‘Operation Epic Fury’ led by the US since 28 February has knocked out several strategic facilities in Tehran. The geopolitical tensions have triggered high volatility in traditional financial markets. Stock indices in Asia and Europe experienced heavy selling, while world crude oil surged to US$82 per barrel due to the blockade of the Hormuz Strait.
Analysts see a shift in investor behavior. If previously Bitcoin moved in tandem with tech stocks (Nasdaq), in this crisis BTC shows a unique correlation with gold. Inflows into the US spot Bitcoin ETF totaling US$700 million in March indicate that institutional investors are beginning to view this digital asset as a shield against systemic risk.
However, domestic currency pressure remains real. The Rupiah closed weaker by 13 points at Rp16,905 per US dollar on Thursday afternoon. The weakness was driven by risk-off sentiment as global investors tend to hold the US dollar amid uncertainty stemming from a conflict involving nuclear powers.
President Donald Trump has stated that the military operation is projected to last four to five weeks. If the conflict broadens and involves more NATO countries, analysts expect Bitcoin volatility to stay extreme, with potential next targets at US$76,000 or even a sharp correction if there is massive profit-taking. The surge to US$72,000 is not merely speculation but an immediate market response to the escalation of the Middle East conflict that threatens global economic stability.