XRP and BNB are vying for 4th place while Bitcoin currently holds $65.

• BTC is stable today at US$66.
• XRP and BNB compete for 4th place.
• Altcoins retreat following tensions in the Middle East.

Monday, March 2, 2026 – The price of BTC started the week relatively stable, even after a weekend marked by strong geopolitical volatility. With Asian and European exchanges already operating and US futures open, Bitcoin is currently trading in the US$66 range, remaining close to this level since the early morning.

Last Wednesday, the largest cryptocurrency attempted to break through $70, but encountered resistance and retreated below $67 the following day. Nevertheless, it managed to hold support and closed the start of the weekend around $68.

Saturday brought strong volatility following US and Israeli airstrikes against Iran. The Iranian response, targeting countries such as the United Arab Emirates, Qatar, and Bahrain, pressured the market and led BTC to touch $63, a multi-day low.

Hours later, reports indicated that Iran's Supreme Leader had been killed during the attacks. With the shift in news flow, Bitcoin quickly recovered its losses and returned to trading near $68, erasing the previous drop.

On Sunday, however, the momentum lost steam and the asset retreated to $65.200. Many investors anticipated a new round of volatility with the reopening of global markets on Monday, but the movement ended up being more contained, with BTC fluctuating around $66.

Bitcoin's market capitalization remains slightly above $1,32 trillion, while its dominance over other cryptocurrencies remains above 56%, indicating that a portion of the capital continues to be concentrated in the leading asset.

Among altcoins, XRP and BNB are vying for fourth place in market capitalization. After losing ground at the start of the tensions, XRP briefly overtook BNB again, but the position reversed once more. BNB is trading near $617, with a market capitalization of around $84,2 billion, slightly above XRP's $82,5 billion.

Ethereum remains under pressure below $2.000, while names like SOL, DOGE, ADA, BCH, HYPE, and LINK register losses between 2% and 3%. DOT and other cryptocurrencies are down more than 4%, contrasting with the more than 3% gain in HTX.

Overall, the aggregate value of the cryptocurrency market shrank by approximately US$30 billion in 24 hours, settling in the region of US$2,35 trillion, reflecting investor caution in light of international developments.

Bitcoin price analysis today

Amid BTC's consolidation today in the $66 region, trader VirtualBacon presented two levels considered strategic for the market in the short and medium term. This analysis reinforces the importance of technical zones that have historically served as support in previous cycles.

My target for Bitcoin.

First level: 65k. That's the previous all-time high. We're already there. If you buy the thesis, it's already time.

Second level: 58k. The 200-week simple moving average.

In 2020, the 200W SMA caught the COVID crash. In 2018, it marked the absolute…

— VirtualBacon (@virtualbacon) March 2, 2026

According to him, the first relevant level is at US$65, a region that corresponds to Bitcoin's previous historical high. Since the price is already trading near this level, the trader believes the market is in a zone considered strategic for those who share the long-term investment thesis.

The second highlighted point is US$58, where the 200-week simple moving average (200W SMA) is currently positioned. Historically, this indicator has acted as structural support during critical moments. In 2020, the line held back the fall during the shock caused by the pandemic; in 2018, it coincided with the bottom of the downtrend; and in 2015, the price tested the average several times without closing below it in weekly candles.

From a technical standpoint, the 200-week moving average is widely followed by institutional investors and cycle analysts. Its loss at the weekly close could alter the market's structural perception, but as long as BTC remains above it, the prevailing interpretation is that the macroeconomic bullish trend will continue.

With the price stabilizing in the US$66 range and dominance above 56%, Bitcoin remains in an intermediate zone between the immediate support at US$65 and the structural support at US$58. The region between these levels is now being observed as a critical decision zone for market behavior in the coming weeks.