XRP and BNB are vying for 4th place while Bitcoin currently holds $65.
- BTC is stable today at US$66.
- XRP and BNB compete for 4th place.
- Altcoins retreat following tensions in the Middle East.
Monday, March 2, 2026 – The price of BTC started the week relatively stable, even after a weekend marked by strong geopolitical volatility. With Asian and European exchanges already operating and US futures open, Bitcoin is currently trading in the US$66 range, remaining close to this level since the early morning.
Last Wednesday, the largest cryptocurrency attempted to break through $70, but encountered resistance and retreated below $67 the following day. Nevertheless, it managed to hold support and closed the start of the weekend around $68.
Saturday brought strong volatility following US and Israeli airstrikes against Iran. The Iranian response, targeting countries such as the United Arab Emirates, Qatar, and Bahrain, pressured the market and led BTC to touch $63, a multi-day low.
Related Stories
Bitget launches MotoGP 2026 challenge with a prize of 120 USDT.
Strategy buys 3.015 BTC and surpasses 720 bitcoins.
Hours later, reports indicated that Iran's Supreme Leader had been killed during the attacks. With the shift in news flow, Bitcoin quickly recovered its losses and returned to trading near $68, erasing the previous drop.
On Sunday, however, the momentum lost steam and the asset retreated to $65.200. Many investors anticipated a new round of volatility with the reopening of global markets on Monday, but the movement ended up being more contained, with BTC fluctuating around $66.
Bitcoin's market capitalization remains slightly above $1,32 trillion, while its dominance over other cryptocurrencies remains above 56%, indicating that a portion of the capital continues to be concentrated in the leading asset.
Among altcoins, XRP and BNB are vying for fourth place in market capitalization. After losing ground at the start of the tensions, XRP briefly overtook BNB again, but the position reversed once more. BNB is trading near $617, with a market capitalization of around $84,2 billion, slightly above XRP's $82,5 billion.
Ethereum remains under pressure below $2.000, while names like SOL, DOGE, ADA, BCH, HYPE, and LINK register losses between 2% and 3%. DOT and other cryptocurrencies are down more than 4%, contrasting with the more than 3% gain in HTX.
Overall, the aggregate value of the cryptocurrency market shrank by approximately US$30 billion in 24 hours, settling in the region of US$2,35 trillion, reflecting investor caution in light of international developments.
Bitcoin price analysis today
Amid BTC's consolidation today in the $66 region, trader VirtualBacon presented two levels considered strategic for the market in the short and medium term. This analysis reinforces the importance of technical zones that have historically served as support in previous cycles.
My target for Bitcoin.
First level: 65k. That's the previous all-time high. We're already there. If you buy the thesis, it's already time.
Second level: 58k. The 200-week simple moving average.
In 2020, the 200W SMA caught the COVID crash. In 2018, it marked the absolute…
— VirtualBacon (@virtualbacon) March 2, 2026
According to him, the first relevant level is at US$65, a region that corresponds to Bitcoin's previous historical high. Since the price is already trading near this level, the trader believes the market is in a zone considered strategic for those who share the long-term investment thesis.
The second highlighted point is US$58, where the 200-week simple moving average (200W SMA) is currently positioned. Historically, this indicator has acted as structural support during critical moments. In 2020, the line held back the fall during the shock caused by the pandemic; in 2018, it coincided with the bottom of the downtrend; and in 2015, the price tested the average several times without closing below it in weekly candles.
From a technical standpoint, the 200-week moving average is widely followed by institutional investors and cycle analysts. Its loss at the weekly close could alter the market's structural perception, but as long as BTC remains above it, the prevailing interpretation is that the macroeconomic bullish trend will continue.
With the price stabilizing in the US$66 range and dominance above 56%, Bitcoin remains in an intermediate zone between the immediate support at US$65 and the structural support at US$58. The region between these levels is now being observed as a critical decision zone for market behavior in the coming weeks.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ripple Partner Reaches One Million People With Safe Water
NASDAQ TRADE HALT CONTINUES <UCFIW.O> REASON NOT AVAILABLE AT 03:58 AM
VIPCross-Asset Positioning Amid AI Earnings Scrutiny and the US Election
1. Markets diverged during the week. Between the October 23 and October 30 closes, BTC fell 4.78%, the Nasdaq 100 declined 1.98%, and gold and silver dropped 2.72% and 8.59%, respectively. The DAX, KOSPI, Nikkei 225 and Hang Seng advanced. We focus on differences in growth prospects, valuation sensitivity and risk exposures rather than applying a single directional view across assets. 2. Market reactions to Alphabet's and Intel's earnings brought returns on AI investment into focus. Attention is shifting from the scale of capital expenditure to revenue realization, margins and free cash flow. Lower interest rates can ease discount-rate pressure, but a sustained valuation recovery still requires support from both operating performance and financing conditions. 3. The November 3 US midterm elections and November 6 employment report are key events in the coming week. We monitor how post-election fiscal and legislative agendas may affect interest rates, the dollar and industry operating conditions. Our execution priorities are to manage leverage and concentration, retain margin and exit-liquidity buffers, and avoid treating a single political outcome as an automatic trading signal. 4. Following Binance's disclosure of a security incident, industry attention to endpoint protection, access segregation and coordinated incident response has increased. Key assets to monitor: BTC, the Nasdaq 100, crude oil and gold, alongside upcoming earnings from AAPL, AMD, PLTR, ARM, ANET and QCOM.
HYATT HOTELS CORP <H.N>: JEFFERIES RAISES TARGET PRICE TO $188 FROM $167
Crypto prices
More
