Bitcoin price jumps to $67,000 after reports that Iran’s supreme leader has been assassinated

BTC completely turned the tables during this very volatile day.

Intense volatility in the cryptocurrency markets continues as Bitcoin just rose to $67,000 after falling to $63,000 this morning.

The most likely reason for all the fluctuations on Saturday is the rapidly escalating situation in the Middle East and the latest reports pointing to regime change in Iran.

It all started this morning when Israel and the US carried out several attacks on Iran. The Middle Eastern country retaliated against several countries in the region, including the UAE, Bahrain, Qatar and Saudi Arabia.

Over the next few hours, more and more reports began to unravel, and the latest major developments on the matter indicated that Iran’s Supreme Leader killed. However, so far the information only comes from Israeli sources and there is no official confirmation.

US President Donald Trump also recently addressed the situation, warning that he could end it within days and warning of further military action if Iran does not scale back its nuclear development.

BREAKING: President Trump floats several “off-ramps” for Iran just hours after Israel and the US strikes, according to Axios.

Trump says:

1. He can end the situation in “two or three days.”

2. This would include threatening Iran with further military action if they… https://t.co/xQf5c7nmjb

— The Kobeissi Letter (@KobeissiLetter) February 28, 2026

Since the cryptocurrency market is the only financial sector active over the weekend, it experienced significant volatility as events unfolded. After the first strikes, bitcoin fell from $66,000 to $63,000 within minutes, and altcoins followed suit.

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However, it recovered in the following hours and even rose to $67,000 minutes ago after reports of Khamenei’s death.