Update
Bitcoin Activity in Iran During and After Internet Blackout
Chainalysis reported that Bitcoin transaction activity in Iran's selected everyday-use series initially fell about 80% when the internet blackout began on February 28. By the blackout's end, activity had recovered to over 75% of its baseline. After restrictions eased in late May, activity rose to nearly twice baseline. The findings come from Chainalysis's new Middle East and North Africa analysis covering July 2025 through June 2026.