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Bitcoin and Ethereum trade sideways amid US-Iran tensions and crypto liquidations spike.

Market News
29 Mar 2026
Benzinga
View Source
Neutral
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Bitcoin and Ethereum prices remained mostly flat despite a spike in cryptocurrency liquidations triggered by fears of a potential US ground invasion of Iran. Bitcoin briefly dipped below $65,000 before rebounding above $66,000, while Ethereum fell to around $1,940 before recovering above $2,000. The market experienced over $313 million in liquidations, mostly wiping out leveraged long positions. Stock futures also declined amid geopolitical concerns, and oil prices rose above $100 per barrel. Analysts caution that Bitcoin's outlook remains uncertain until Middle East tensions ease and prices stabilize above $71,000.

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