Trump to Takeover Cuba, Iran War Tensions Rise, Bitcoin Crashes Again

Bitcoin experienced a sharp decline, falling to around $65,200 on February 27, driven by escalating geopolitical tensions. These tensions stem from US President Donald Trump suggesting a possible "friendly takeover" of Cuba amid an energy crisis on the island, following expanded maximum pressure policies and threats of oil tariffs. Simultaneously, the US increased its military posture in Israel, deploying advanced fighter jets amid rising tensions with Iran. This dual pressure campaign in the Middle East and the Caribbean injected market uncertainty, causing traders to reduce risk exposure, which initially led to a drop in Bitcoin's price as markets entered the first phase of reacting to macro instability.

(Source：BeInCrypto)