Crypto Market Update: Iran Conflict Pushes Bitcoin Further Under US$67,000

Bitcoin (BTC) was priced at US$66,270.44, down by 0.4 percent over the last 24 hours.

Bitcoin drifted back below $67,000 late Sunday (March 1) as uncertainty surrounding the Iran-Israel conflict continued to weigh on global risk assets. The token was down roughly 1 percent over 24 hours, after swinging sharply in response to US-Israel air strikes on Iran and retaliatory activity across the region.

Prices plunged to around US$63,255 early Saturday (February 28) during the initial shock, only to rebound above US$68,000 later that day amid unconfirmed reports about Iran’s leadership.

Bitcoin remains down about 23 percent year-to-date and nearly 50 percent off its October peak of US$126,000, with some Wall Street analysts warning a move toward US$50,000 is possible before any durable recovery takes hold.

Ether (ETH) was priced at US$1,947.16, down by 1.8 percent over the last 24 hours.

Altcoin price update

• XRP (XRP) was priced at US$1.35, down by 1.8 percent over 24 hours.

• Solana (SOL) was trading at US$83.41, down by 1.8 percent over 24 hours.

Today's crypto news to know

X lifts crypto ad ban

Social media platform X has reversed course on its crypto advertising policy, removing digital assets and gambling from its list of prohibited industries for paid promotions.

The change opens the door for influencers and key opinion leaders to monetize crypto content legally on the platform, provided they follow new disclosure rules. Under the company's updated Paid Partnership framework, posts created as part of a commercial arrangement must carry a clear “Paid Partnership” label.

“Undisclosed promotions hurt the integrity of the product and lead people to distrust the content they read on X,” said Nikita Bier, X's head of product. The update is meant to encourage transparency and regulatory compliance.

Influencers remain responsible for adhering to applicable laws, including US Federal Trade Commission guidelines on endorsements. While crypto is no longer banned from paid partnerships, the platform maintains distinctions between sponsored content and traditional advertising placements.

UAE security alert prompts crypto firms to shift to remote work

Major crypto exchanges in the United Arab Emirates (UAE) have moved staff indoors after authorities reported missile interceptions and aerial defense activity across parts of the Gulf.

Binance and Bybit instructed UAE-based employees to remain home and work remotely until further notice. Binance circulated a company-wide notice directing staff to avoid outdoor areas and stay clear of windows and open spaces.