The Iran war entered its second month with no off-ramp in sight.
A brief Trump-announced five-day pause on strikes against Iranian power plants on March 23 sent Bitcoin surging from $67,500 to above $71,200 in under an hour, triggering $415 million in crypto liquidations, before Iran denied any direct communication with the White House and prices reversed.
Bitcoin closed Q1 2026 near $66,528, down roughly 47% from its all-time high of $126,198 set in October 2025.
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