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Bitcoin falls to $62,000 as US-Iran ceasefire collapses
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Bitcoin slipped back to around $62,000 on Wednesday after the US and Iran exchanged airstrikes and President Donald Trump declared the ceasefire over. The move followed a surge in oil prices above $74 a barrel. Renewed geopolitical tensions weighed on risk assets including cryptocurrencies.
Bitcoin experienced volatility on February 18, 2026, trading in a tight range before dropping to around $66,000 in the U.S. afternoon following hawkish Federal Reserve minutes. Crypto-related stocks initially rebounded but later reversed gains, while liquidations neared $200 million. Geopolitical tensions and macroeconomic uncertainty contributed to the market's choppy performance.