Qatar Warns Iran Conflict Could Be Catastrophic, Bitcoin Holds $70,000 Level

Qatari Foreign Ministry spokesman Dr. Majed Al-Ansari warned on March 10 that a war with Iran would have "disastrous consequences" for the region's people. Meanwhile, Bitcoin's price held near $70,389, and the cryptocurrency Fear & Greed Index remained at extreme fear levels. "What we are seeing now is a regional war," Ansari said, adding that moving from negotiations to the battlefield "will lead to more disastrous consequences." QatarEnergy has suspended operations at the world's largest liquefied natural gas facility. Bitcoin Holds $70,000, Cryptocurrency Market Sentiment in Extreme Fear

Cryptocurrency Fear & Greed Index. Source: Alternative.me Bitcoin's funding rates have been negative since early March, the longest bearish streak since April 2025. Despite declines in major stock indices, BlackRock's iShares Bitcoin Trust (IBIT) traded higher. In February 2026, Bitcoin ETFs saw net outflows of approximately $3.8 billion, the worst monthly performance since the spot ETFs launched in January 2024. During the same period, gold ETFs absorbed $16 billion in inflows. Iran's $7.78 Billion Cryptocurrency Economy Under Scrutiny The conflict has brought Iran's cryptocurrency activity into sharp focus. Blockchain analytics firm Chainalysis reported that Iran's cryptocurrency ecosystem exceeded $7.78 billion in 2025, with on-chain activity closely correlated with geopolitical tensions. Source: @chainalysis on X On-chain records show that Bitcoin outflows from Iranian residents have been approximately $10.3 million since the conflict began, as the country's currency, the rial, fell to a record low against the US dollar.