The cryptocurrency market experienced a dip on Saturday, Feb. 28, 2026, following the US and Israel’s strike on Iran, with BTC falling to the $63,000 mark. However, the market seems to have recovered since Saturday’s dip. BTC is on the verge of reclaiming the $67,000 price level. According to CoinGecko’s Bitcoin data, BTC’s price has risen 3% in the last week, but has fallen 0.7% in the last 24 hours, 2.2% in the 14-day charts, and more than 20% over the previous month. Let’s discuss if the ongoing geopolitical tensions will lead to another cryptocurrency market crash.

Will The Cryptocurrency Market Crash Again?

Although the cryptocurrency market experienced a dip on Saturday, it seems to be entering a recovery phase. Bitcoin (BTC) seems to have substantial support at the $62,000-$63,000 price level. The asset has bounced from this level on three occasions over the last month.

The cryptocurrency market has been on a downward trajectory since October 2025. Macroeconomic uncertainty, geopolitical tensions, and a liquidity crunch seems to be the primary reasons behind the market dip. The latest conflict, between the US and Israel with Iran, has led to substantial worry among investors. However, BTC seems to have a strong hold at the $63,000 price. This could be the bottom level for BTC this cycle. Given the strong support, it is possible that the original cryptocurrency will not fall below the $62,000-$63,000 price level.

Also Read: Iran US War: What To Expect From Stock Market This Week?

There is a possibility that tensions will increase over the coming days. Ayatollah Ali Khamenei’s succession may take a violent turn and we could see retaliations agains Israel and Iran. Market participants may see an increase in worry, which could lead to a further exodus from risky assets. Such a development could lead to another cryptocurrency market dip.