In February 2026, Bitcoin experienced significant volatility, rebounding to $60,000 amid geopolitical tensions between the US and Iran. After opening the month at $78,000, Bitcoin dropped sharply to $60,000 on February 5, before recovering to $72,000 within a day. The cryptocurrency traded mostly between $60,000 and $70,000 for the rest of the month, with notable rallies on February 13-14 and February 25. The market reacted to rumors of a US airstrike on Iran, with Bitcoin briefly falling to $62,000 before closing the month near $68,000. Altcoins also saw significant movements, particularly during the LayerZero event on February 10, which led to a 45% surge in $ZRO following the announcement of its public blockchain launch. Meanwhile, scam coins like $PIPPIN and $SIREN thrived in the bear market, with $PIPPIN's market cap reaching $900 million. Uniswap's partnership with BlackRock on February 11 caused a temporary 40% surge in $UNI, while Aave faced controversy, leading to an 8% drop in $AAVE. Other notable events included Terraform Labs' lawsuit against Jane Street and Robinhood's listing of $SNX, which rose 42% post-launch.