Bitcoin maintains a narrow range of fluctuations against the backdrop of rising war risks and delayed expectations of interest rate cuts

By: rootdata|2026/03/02 21:43:30
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Cryptocurrency trading platform QCP Capital stated that Bitcoin is currently fluctuating around $66,000. Over the weekend, tensions in the Middle East briefly pushed the price down to a low of $60,000, but it has since returned to its recent trading range.

Analysts pointed out that the initial drop triggered about $300 million in long liquidations, but compared to the disorderly sell-offs earlier this year and in 2025, this deleveraging is relatively mild. Macroeconomic factors are also important, as the prolonged expectations of tightening Federal Reserve policy keep the opportunity cost of non-yielding assets high. Stephen Coltman, macro head at 21Shares, noted that wars have historically had inflationary effects, driving up commodity prices and expanding fiscal deficits, which could complicate the outlook for interest rate cuts even if risk assets initially experience turbulence.

In the context of escalating military conflict in the Middle East and uncertainty surrounding Federal Reserve policy, the cryptocurrency fear and greed index showed a reading of 15 on Monday, indicating "extreme fear" levels.

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