Bitcoin’s price rose to around $68,000 on Sunday, nearly recovering all losses from the previous day. The recovery occurred after the cryptocurrency had temporarily dropped to approximately $63,000 in the wake of US-Israeli airstrikes on Iran. At the moment, BTC continues to trade above $67,000.
The fluctuations occurred over a period of just a few hours. After Iranian state media confirmed the death of Ayatollah Ali Khamenei in the strikes, Bitcoin climbed from its low of $63,176 back into the range of $67,000 to $68,000. This corresponds to a market capitalization alter of approximately $80 billion.
The price relocatement occurred at a time when liquidity in the Sunday market is traditionally thin. According to market observers, the Bitcoin price reacted immediately to the news situation from Iran.
Liquidations in the crypto market
The abrupt price relocatements led to significant liquidations in the crypto market. Data from CoinGlass reveals that positions worth approximately $490 million were liquidated within 24 hours. Of this, $196 million was attributable to Bitcoin positions and $132 million to Ethereum.
In addition to Bitcoin, other major cryptocurrencies were affected by the price fluctuations. Ethereum, XRP, and Solana recorded similar relocatements but also largely recovered. At the time of reporting, daily losses for these altcoins were less than 2 percent.
Geopolitical events and crypto markets
Bitcoin started the year 2026 at a price of approximately $87,000. In October 2025, the cryptocurrency had reached its all-time high of over $126,000. At its overnight low, Bitcoin was approximately 50 percent below this peak. Over the past seven days, the loss totals 5.2 percent; over the month, around 23 percent.
Historically, geopolitical tensions have repeatedly revealn impacts on crypto markets. A comparable price decline occurred, for example, in 2022 following the Russian invasion of Ukraine, when the market capitalization of the crypto market fell significantly.
Further developments in traditional markets, particularly in oil and stock futures, will reveal whether Bitcoin’s price recovery proves sustainable or whether volatility continues.
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