Cryptocurrency markets are trading sharply lower as the U.S.-Iran conflict enters its third week, with Bitcoin and major altcoins under renewed selling pressure after Iran vowed to escalate following a U.S. strike on Kharg Island.
Crypto and equities jumped Monday as former President Trump signaled the Iran conflict may be winding down. Oil staged a dramatic reversal, falling from an overnight spike near $120 to just above $80.
Dogecoin rallied about 10% on Feb. 25 after CoinGlass recorded $1.57 million in short liquidations within an hour, driving DOGE back above $0.10. The move marked one of the token's strongest sessions this month.
Renewed alerts that the US may strike Iran within hours have pushed crypto markets into risk-off mode, with traders preparing for sharp moves and thinner liquidity. Market participants warn that high leverage and stressed order books could amplify swings until the situation clears.
Analytics firm 10x Research says market participants are speculating that a multi‑billion‑dollar Hong Kong hedge fund has collapsed after recent Bitcoin losses. The report warns the situation could increase volatility and contagion risk across crypto markets.
SOL climbed roughly 15% after plunging nearly 30% to about $67 on Feb. 4, but on-chain metrics remain muted and cast doubt on the recovery's durability.
Ripple CEO Brad Garlinghouse urged XRP holders to remain calm and 'be greedy' after one of the largest single‑day price drops in XRP's history, calling for a focus beyond current fear. His remarks aim to steady sentiment amid heightened volatility.
Ethereum slipped below $2,700 and veteran trader Peter Brandt warned of further downside amid thin liquidity and continued spot ETF outflows, while Vitalik Buterin moved 16,384 ETH, drawing market scrutiny.
Monero (XMR) fell nearly 20% in a single session, slipping below $500 and rattling traders. The sharp sell-off raises questions about liquidity, regulatory pressure, and whether this is a short-term correction or a buying window.
SkyBridge Capital is pivoting toward macro strategies amid policy uncertainty under the Trump administration, but founder Anthony Scaramucci told Davos attendees he remains cautiously bullish on Bitcoin. The firm expects heightened market swings and is positioning accordingly.