That helps explain why Bitcoin was able to rebound strongly from its earlier March range in the mid-$60,000s and move back near $78,000 to $80,000. Bitcoin recently came close to $80,000, reaching around $79,475 over the weekend before reversing, showing that sellers are still active.
A War That Crypto Cannot IgnoreThe single biggest driver of crypto volatility in 2026 has been a conflict thousands of miles from any blockchain. The US-Iran conflict has been the biggest factor in how the cryptocurrency market has been facing mounting pressure.
The sudden onset of military conflict in February delivered an immediate and severe shock that pushed cryptocurrencies to their lows. However, earlier in April, Bitcoin jumped to an 11-week high in light of easing US-Iran tensions and talks of reopening the Strait of Hormuz.
