Spikes Amid Iran Conflict

Bitcoin is holding around $71,000, while ETH and SOL are down 3%.$BTC

By: yyctrader • March 05, 2026

Crypto markets dipped on Thursday, reversing some of the previous day’s gains as investors turned cautious again following a reported attack by Iran on an oil tanker.

Bitcoin (BTC) is trading at around $71,000, down 3.5% over the past 24 hours. Meanwhile, ETH and SOL fell 4% to about $2,060 and $88, respectively, and BNB is down 2% on the day.

The overall crypto market capitalization declined by 3% to $2.48 trillion, according to Coingecko.

U.S. crude oil (WTI) spiked above $79 after Iran claimed that it attacked an American oil tanker in the Persian Gulf. WTI $BTC is up more than 17% this week to its highest level since January 2025. Investor sentiment was also dampened by reportsthat the conflict could last longer than previously expected. The S&P 500 and the Nasdaq slipped by around 1%, while gold and silver posted modest losses as the dollar strengthened.

Almost all of the Top 100 digital assets posted losses over the last 24 hours.

Today’s top gainer is OKB, the native token of the OKX crypto exchange, which surged more than 20% after the company disclosed an investment from Intercontinental Exchange (ICE) at a $25 billion valuation.$BTC