Bitcoin, the largest cryptocurrency, held at $71,000 on Saturday morning after the U.S. bombed military targets on Kharg Island, Iran's main crude export facility, causing a sharp drop from Friday's $73,838 high. The market reacted positively to the news, with Bitcoin up 4.2% over seven days and Ether gaining 5.5% to $2,090. However, a significant drop in value was seen as a significant step forward, with a potential escalation of attacks on Iran's oil infrastructure if Iran continues blocking the Strait of Hormuz. The $371 million in liquidations over the past 24 hours reflected the two-way nature of Friday's session, with short liquidations outweighing longs. The Fed meeting on March 17-18 is expected to influence the market's reaction.