The expert noted the stability of bitcoin amid the escalation in the Middle East

Last week was one of the most stressful for global financial markets and ended with a sharp geopolitical escalation in the Middle East. Alexander Baryshnikov, the manager of the Mining fund of the Record Capital Management Company, told Izvestia on March 2.

According to him, Iran's attacks on American bases in the Middle East have increased uncertainty and put pressure on risky assets. Stock index futures lost more than 1%, and investors began actively redistributing funds into defensive instruments, including gold and oil.

At the same time, the cryptocurrency market has demonstrated relative stability.

"Bitcoin ended the week with a decline of only 2.76%. This behavior suggests that market participants remember the experience of June 2025 and expect the end of the active phase of the conflict for no longer than twelve days," Baryshnikov said.

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According to him, digital assets are gradually becoming immune to geopolitical shocks, although overall liquidity remains limited amid a decrease in risk appetite.

The expert stressed that the fundamental picture remains ambiguous. On the one hand, bitcoin spot ETFs recorded a net inflow of over $1 billion in four trading days, indicating continued interest from institutional investors. On the other hand, disappointing inflation data and expectations for further steps by the US Federal Reserve System are holding back aggressive growth.

From a technical point of view, according to Baryshnikov, bitcoin remains in a sideways trend after testing support in the region of $ 60 thousand. To restore quotes, it is necessary to consolidate above $ 64,800, which will open the way to the resistance level of $ 68,700. If it is overcome, the asset can test the zone up to $72 thousand, remaining within the descending channel from the peak of $72,271. Key support levels are located at $63,550 and $61,500.

According to the expert, the first week of spring will be crucial for the formation of the next trend. Investors will keep an eye on US employment data and statements by Fed representatives, as weak macro statistics may strengthen expectations of a rate cut and support cryptocurrencies. At the same time, the risks of liquidating positions remain high. Despite this, the market for mining and investment instruments of digital assets continues to adapt strategies, and investors are not reducing the share of cryptocurrencies in their portfolios.

On February 28, the United States and Israel launched a large-scale military operation in Iran. The American leader Donald Trump called her goal "the protection of the American people." Israel and the United States have carried out numerous attacks on military and civilian targets in Iran, including a school in the city of Minab.

In response, Iran launched Operation True Promise 4 and attacked American military bases in the Middle East, as well as Israeli cities. The UAE, Bahrain, Iraq, Oman and other Persian Gulf countries were affected by the Iranian attacks.

On March 1, the US President held a telephone conversation with the leaders of Israel, Bahrain and the United Arab Emirates. It was clarified that the president was informed about the shooting in Texas that occurred on the same day.

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