Bitcoin Price Fluctuates Sharply as Market Remains Shadowed by Iran Conflict
Bitcoin price movements again stalled after the sharp rally seen the day before. Global market volatility sparked by the conflict between Iran, the United States and Israel continues to shadow investor sentiment, causing crypto prices to swing widely.
On Thursday 5 March 2026, Bitcoin’s price briefly fell as much as 3.7% to US$70,650. The decline followed a day earlier when the world’s largest cryptocurrency jumped about 9%.
Since the Iran–US–Israel conflict triggered geopolitical tensions, Bitcoin price movements have tended to swing sharply almost daily. This high volatility occurs as global investors continually assess the impact of the war on the economy and financial markets worldwide.
The two assets faced heavy selling pressure when markets reopened after US and Israel strikes against Iran over the weekend.
Quoted from Bloomberg on Friday 6 March 2026, Michael Brown, Senior Research Strategist at Pepperstone Ltd, said geopolitical news flow also prompted reversals in a market that had previously been too aggressive in reducing risk.
“When market sentiment is already at very pessimistic levels, usually not much of a catalyst is needed to trigger a fairly strong reversal,” Brown wrote in his note on macro global movements on Thursday 5 March 2026.
The decline was influenced by geopolitical uncertainty as well as the unclear roadmap for new crypto regulation in the United States.
Data from CoinGecko show that more than US$1.8 trillion in the value of the entire crypto market has evaporated since Bitcoin reached its peak.
Amid the pressure, several indicators began to show signs of renewed investor interest. After months of outflows, US-based Bitcoin-based exchange-traded funds posted inflows of more than US$1.1 billion in March.
Orbit Markets co-founder Caroline Mauron said sentiment in the crypto market is starting to turn positive again.
“Sentiment in the crypto world is returning to bullish,” she said.
In recent days, Bitcoin has also been outperforming gold, an asset often compared with cryptocurrency.