BlockBeats News, March 1 — According to Bloomberg, after Iran confirmed the death of Supreme Leader Khamenei in a military operation by Israel, the crypto market rebounded sharply on Sunday morning in Asia.
Bitcoin rose as much as 2.21% to $68,196, then retreated to around $67,300; the previous day, it had fallen 3.8%. Ethereum increased by up to 4.58%, regaining the $2,000 level.
Data shows that after losing about $128 billion in market value the day before, the crypto market had already recovered approximately $32 billion on Sunday morning. Analysts note that due to 24/7 trading in the crypto market, Bitcoin acted as a “liquidity relief valve” during the weekend escalation of geopolitical conflicts, absorbing sell-offs that might have otherwise spilled over into stocks, bonds, and commodities markets.
However, the market still faces uncertainty. Iran has launched counterattacks against multiple locations including Israel, Qatar, the UAE, and Bahrain, and has threatened further strikes against U.S.-related bases. Some traders believe that true price discovery will occur once trading resumes for U.S. stocks and Bitcoin ETFs on Monday.
Derivatives markets also experienced significant volatility. Analysts point out that last Saturday, Bitcoin derivatives sell volume surged by approximately $1.8 billion in just one hour, indicating rising short-term risk aversion. Meanwhile, tokenized commodity contracts linked to oil, gold, and silver on decentralized trading platform Hyperliquid also saw price increases.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
US Spot Cryptocurrency ETF Single-Day Net Outflow of $219.5 Million, Bitcoin ETF Outflow of $163.5 Million
Gate News: On March 19, according to SoSoValue data, US spot cryptocurrency ETFs experienced a net outflow of approximately $219.5 million that day, with Bitcoin ETFs seeing a net outflow of $163.5 million, with a Bitcoin ETF under a certain asset management institution leading the decline. (Note: The original text did not fully disclose specific outflow data for Ethereum ETFs and other products.)
GateNews27m ago
Presidio Bitcoin Quick Interview Discusses Bitcoin and AI Intersection
Gate News: On March 19, PresidioBitcoin participated in a quick interview, answering 21 questions in 21 minutes to discuss topics related to Bitcoin, artificial intelligence, and digital innovation. The interview focused on the intersection of cryptocurrency and AI technology, including AI applications to enhance blockchain efficiency and Bitcoin's role in the evolution of the digital economy.
GateNews1h ago
Singapore Ride-hailing Platform Ryde Incorporates Cryptocurrency Into Corporate Balance Sheet
Gate News: On March 19th, Singapore-based ride-hailing platform Ryde announced that it will incorporate cryptocurrency into its corporate balance sheet, becoming one of the enterprises in the sector to adopt a digital asset allocation strategy. This move marks a bold attempt by Ryde in asset management. Currently, an increasing number of enterprises are beginning to allocate digital assets such as Bitcoin on their balance sheets, and corporate asset allocation strategies are showing a diversified trend.
GateNews1h ago
North Carolina proposes bill to establish state Bitcoin reserve
North Carolina has proposed legislation to create a strategic Bitcoin reserve, allowing the state to invest in and manage Bitcoin. The initiative aims to enhance cryptocurrency adoption and could inspire other states to follow suit, diversifying state assets.
GateNews1h ago
BTC rises 0.77% in 15 minutes: rebound driven by active buyers overlapping with safe-haven fund resonance
From 2026-03-19 19:00 to 19:15 (UTC), BTC price fluctuated within the range of 69802.0 to 70547.9 USDT, with volatility reaching 1.07%, recording a return rate of +0.77%. Short-term trading activity drove increased market attention, with volatility strength exceeding the daily average, attracting rapid capital participation.
The main driver of this price movement was concentrated active buy orders in the spot market, pushing BTC price up sharply in the short term. On-chain data shows that transfer volume during the 19:00-19:15 interval exhibited no extreme changes, and there were no large whale transfers. Weighing spot market and
GateNews2h ago
