Bitcoin Price Breaches US$72,000: Domino Effects of the US-Israel–Iran War

Global cryptocurrency markets were volatile after Bitcoin (BTC) breached the US$72,000 level on Thursday, 5 March 2026, just hours after the Middle East conflict between the United States and Israel on one side and Iran intensified to its most deadly phase in six days. The price surge was driven by investor panic in traditional markets as funds moved into digital instruments perceived to be less exposed to the conventional banking system threatened by sanctions during the conflict. Price movements in cryptocurrencies at present are heavily news-driven; investors are advised to remain vigilant for a potential flash crash if a ceasefire is announced suddenly or if large holders (whales) take profits. The rise in Bitcoin occurred alongside a rise in crude oil to around US$82 per barrel, placing a double pressure on Indonesia’s economy. The rupiah weakened to around Rp16,905 per US dollar, prompting Bank Indonesia to monitor capital outflows closely. Market analysts describe the phenomenon as the ‘Great Hedging’: investors are no longer relying solely on gold, which sits around US$5,390 per ounce, but are increasingly viewing Bitcoin as a liquid safe haven capable of moving cross-border in times of military emergency. As of this filing, fighting in the Middle East—including near the Lebanon–Israel border—continues, and crypto markets are expected to remain in the green while geopolitical uncertainty persists. The report notes that Robert Kiyosaki, author of Rich Dad Poor Dad, has again sparked debate by attributing the price surge to the escalation of the conflict. Gold prices have also risen, with spot gold around US$5,100 per ounce.