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Bitcoin Price Jumps to $67K After Reports That Iran’s Supreme Leader Was Killed

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BTCUSD Feb 28. Source: TradingView


BTC has completely turned the tables around during this highly volatile day.

The intense volatility in the cryptocurrency markets continues as bitcoin just shot up to $67,000 after plunging to $63,000 this morning.

The most likely reason for all the Saturday fluctuations is the quickly escalating situation in the Middle East, and the latest reports hinting at a regime change in Iran.

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It all started this morning when Israel and the USA carried out several attacks against Iran. The Middle East country retaliated against several nations in the region, including the UAE, Bahrain, Qatar, and Saudi Arabia.

In the following hours, more reports began to unravel, and the latest big development on the matter indicated that Iran’s supreme leader had been killed. So far, though, the information is coming only from Israeli sources and there’s no official confirmation.

US President Donald Trump also addressed the situation recently, warning that he could end it all in a matter of days and warned of further military actions if Iran doesn’t scale back on its nuclear development.

Since the cryptocurrency market is the only financial industry operating during the weekend, it endured significant volatility as the events unfolded. After the initial strikes, bitcoin plunged from $66,000 to $63,000 within minutes, and the altcoins followed suit.

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However, it rebounded in the following hours and even jumped to $67,000 minutes ago after the reports about Khamenei’s death.

BTCUSD Feb 28. Source: TradingView
BTCUSD Feb 28. Source: TradingView
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Crypto World

Bitcoin Price Prediction: Arthur Hayes on AI, Oil Price, and War Against Crypto

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Bitcoin price is not doing badly at all, but Arthur Hayes drops his most provocative macro prediction yet. Middle East?

Bitcoin price is not doing badly at all, but Arthur Hayes drops his most provocative macro prediction yet, and the biggest threat to BTC isn’t missiles over the Middle East. Hayes, Maelstrom CIO and BitMEX co-founder, is calling $500K–$750K by end-2026, but the path there runs through a deflationary minefield that isn’t pricing in.

In a wide-ranging Coinage YouTube interview, Hayes argued that AI-driven displacement of high-income knowledge workers is the dominant deflationary force compressing crypto sentiment right now. Oil futures do reflect Israel-Iran geopolitical tensions, Hayes concedes, but the layoff cascade from AI adoption tightens credit, cuts consumption, and delays the liquidity surge Bitcoin needs.

He frames BTC explicitly as a “liquidity smoke alarm,” something that doesn’t move until the credit taps open. With RSI sitting at a neutral, the chart agrees: Bitcoin is waiting. Middle East developments remain a live variable for short-term volatility either way.

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Bitcoin Price Prediction: War and AI Collide?

Bitcoin current price of $70,700 places it in a well-defined prediction zone. The key technical level traders are watching is the $76,000 resistance above, with support anchoring near current prices and a deeper downside scenario targeting $75K before any meaningful rebound, per Hayes’ own near-term roadmap.

RSI at 50-ish signals neither overbought enthusiasm nor capitulation, more of consolidation with directional tension building underneath.

If Israel-Iran conflict triggers emergency Fed liquidity measures, BTC can clear $76K resistance and accelerate toward 30% of Hayes’ intermediate $250K target on the back of historical rate-cut tailwinds post-geopolitical stress.

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Bitcoin price is not doing badly at all, but Arthur Hayes drops his most provocative macro prediction yet. Middle East?
BTC USD, TradingView

However, AI deflation and credit tightening would likely keep BTC range-bound between $70K–$74K through Q3 2026, with a breakout contingent on Fed signaling a pivot.

AI layoff acceleration could also deepen the deflationary shock faster than war-driven liquidity can offset it; Bitcoin price might retests sub-$70K, invalidating Hayes’s prediction for the year-end.

It’s worth remembering (Hayes himself would likely not mind the reminder) that his $200K by March 2026 call went unfulfilled as BTC lingered near $71K. Bold targets require bold catalysts. The Fed and the battlefield are the only two variables that matter right now.

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LiquidChain Fixes What BTC and Alts Can’t

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Bitcoin at $70,000 with resistance at $76,000 tells a familiar story for cycle veterans: the big move hasn’t happened yet, and large-cap BTC at current prices offers asymmetric upside only if Hayes’ macro thesis fully materializes, a significant if.

LiquidChain ($LIQUID) is positioning itself as a cross-chain infrastructure for exactly the liquidity environment Hayes describes. The Layer 3 project fuses Bitcoin, Ethereum, and Solana liquidity into a single execution environment.

With Liquid, developers deploy once, access all three ecosystems simultaneously through its Unified Liquidity Layer and Single-Step Execution architecture. Verifiable Settlement and Deploy-Once Architecture reduce the fragmentation cost that has historically bled value from cross-chain protocols.

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The presale has raised north of $650K at a current price of $0.01449. LiquidChain is approaching the $1M presale milestone, which tends to accelerate retail attention, especially with its 1600% APY staking bonus.

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The post Bitcoin Price Prediction: Arthur Hayes on AI, Oil Price, and War Against Crypto appeared first on Cryptonews.

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South Korea’s Central Bank Pitches Crypto ‘Circuit Breakers’

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South Korea’s Central Bank Pitches Crypto ‘Circuit Breakers’

South Korea’s central bank says crypto exchanges should have their own “circuit breakers” that halt trading to prevent a repeat of the market fallout after Bithumb mistakenly sent more than $40 billion in Bitcoin to its customers in February.

The Bank of Korea said in a payments report on Monday that lawmakers should consider introducing mechanisms similar to the Korea Exchange’s trading curbs to suspend trading if crypto prices suddenly fluctuate.

“Currently, the virtual asset industry lacks internal control mechanisms and faces lower regulatory intensity compared to established financial institutions,” the bank said.

“Consequently, as similar incidents could occur at other virtual asset exchanges, it is necessary to strengthen relevant regulations to prevent them in advance,” the report added.

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It comes as South Korean lawmakers are currently looking to pass laws to further regulate crypto, which the Bank of Korea said should include its suggested measures “to enhance the safety and transparency of virtual asset exchange operations.”

In early February, Bithumb erroneously sent customers 620,000 Bitcoin (BTC), worth around $42 billion at the time, instead of 620,000 Korean won, worth $400.

The price of Bitcoin on Bithumb fell as users rushed to sell, causing others to panic-sell and further driving down its price, according to the bank’s report.

A translated graph showing the price of Bitcoin on Bithumb (blue line) compared to Upbit (yellow line) after Bithumb’s erroneous Bitcoin transactions. Source: Bank of Korea

Bithumb halted trading and reversed its Bitcoin sends within minutes, but the exchange said that 1,788 BTC, worth around $125 million, had been sold before it could act, and it covered the shortfall using company reserves.

Related: South Korea tightens crypto withdrawal-delay exemptions after scam losses

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The Bank of Korea suggested that crypto exchanges should be required to have systems capable of detecting and preventing “erroneous payments caused by human error.”

It added that exchanges should also have systems to automatically verify a platform’s internal assets compared to those on the blockchain to flag discrepancies.

Magazine: South Korea gets rich from crypto… North Korea gets weapons