The sharp sell-off wiped out recent market gains as investors grew increasingly concerned about escalating tensions in the ongoing U.S.-Iran conflict, which erupted in February 2026 following strikes that killed Iran’s Supreme Leader, Ali Khamenei. Ethereum $ETH dropped below the $2,000 mark, while the broader crypto market shed more than $80 billion in value. U.S. spot Bitcoin ETFs recorded $733 million in net outflows, with BlackRock’s fund leading the withdrawals. Meanwhile, oil prices climbed more than 3% as traders closely monitored Bitcoin $BTC ’s key $71,000-$72,000 support zone. Analysts remain divided on whether the move points to a deeper bearish trend or simply another phase of volatile sideways trading. #BTC Price Analysis# #BingX