Fears of World War III are rising as the U.S., Israel, and Iran conflict grows and more countries take sides. The UK, France, and Germany back the U.S., while Russia and China criticize the strikes. As tensions increase, the Bitcoin price has impacted hard, as investor shifts for a safer haven.
Are we on the verge of World War III?
On February 28, 2026, the U.S. and Israel carried out large airstrikes across Iran. The attacks targeted military sites, key leaders, and major facilities. One strike reportedly hit the office of Iran’s Supreme Leader Ayatollah Ali Khamenei, who was killed.
Iran quickly responded with missile and drone attacks on Israel and U.S. military bases in the Gulf region. Strikes were also reported in Bahrain, Qatar, Kuwait, Saudi Arabia, Oman, the UAE, & other nations, where U.S. forces are present.
Iran has also threatened to block the Strait of Hormuz, a key route that carries about 20–30% of the world’s oil supply.
The rapid rise in attacks has increased fears of a bigger war, with some worrying about World War III.
Because this fight is no longer just between two sides. Hezbollah, a group backed by Iran, fired rockets at northern Israel, and Israel struck back in Lebanon.
France, Germany, and the United Kingdom support the United States. They criticized Iran’s response and asked for talks to stop the conflict from growing.
Meanwhile, China and Russia strongly criticized the U.S. and Israeli attacks. They said the strikes were not justified and warned that they could make the Middle East conflict much worse.
The United Nations and many countries have called for restraint and a return to diplomacy to avoid further violence.
Bitcoin, the leading cryptocurrency, dropped sharply to $63,000 during that time. At the same time, major altcoins like ETH, XRP, SOL, ADA, and Dogecoin also fell around 10%.
Bitcoin closed February down 15%, marking its fifth straight month in the red. According to a CryptoQuant analyst, about 9.09 million BTC, nearly 46% of the total supply, is now sitting at a loss.
Looking at the current price trend, the $58,000 level stands out as a strong historical buying zone. In past cycles, this level has often acted as solid support for Bitcoin.
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