US-Iran Tensions Escalate Market Hit Again, Bitcoin Falls Below $65,000, Nasdaq S&P See Largest Monthly Decline in Nearly a Year

BlockBeats News, February 28th: As the geopolitical tension between the US and Iran escalated, multiple countries globally began urging their citizens to leave Iran as soon as possible, leading to another downturn in both the cryptocurrency and US stock markets. According to HTX market data, this morning Bitcoin dropped below $65,000, Ethereum fell below $1,900, and the total cryptocurrency market cap is now reported at $2.347 trillion, down 2.0% over the past 24 hours. The top gainers and losers include:

SAHARA with a 24-hour increase of 50.2%, currently trading at $0.0225;
ALICE with a 24-hour increase of 38.2%, currently trading at $0.144;

SIGN with a 24-hour increase of 17.8%, currently trading at $0.028;
Binance Life with a 24-hour increase of 14%, currently trading at $0.074;

DENT with a 24-hour decrease of 29.5%, currently trading at $0.00025;
STEEM with a 24-hour decrease of 16.2%, currently trading at $0.058;
ENSO with a 24-hour decrease of 13.7%, currently trading at $1.44;

On the US stock market side, both the Nasdaq and S&P marked their largest monthly declines since March last year. According to Bitget market data, the Nasdaq fell by 3.38% in February, and the S&P 500 index fell by 0.87% in February. This morning, the Nasdaq dropped by 0.92% in a single day, while the S&P 500 index declined by 0.43%. US stock crypto-related stocks experienced a general decline, including:

MicroStrategy (MSTR) declining by 2.95%;

Coinbase (COIN) declining by 2.88%;

Circle (CRCL) declining by 4.28%;

Riot Blockchain (RIOT) declining by 4.68%;

BitMine Immersion (BMNR) declining by 7.05%;

SharpLink Gaming (SBET) declining by 5.41%.