Despite the outbreak of war between the United States and Israel against Iran on February 28th, Bitcoin (BTC) better than expected withstood the geopolitical storm and maintained a firm position in the market.
Iran’s response included missile and drone attacks on the military, hotels, and oil facilities of Israel and several Gulf states (Bahrain, Kuwait, Iraq, Qatar, Saudi Arabia, Oman, and the United Arab Emirates). Instant pressure build-up About the world’s financial assets.
Although the initial volatility of the virtual currency market was intense, However, Bitcoin was able to quickly stabilize after absorbing the blow..
Specifically, the digital currency fell to $63,000 on the day the attack began, but has since rebounded strongly and stabilized toward $70,000. Approximately $67,000 As seen in the following graph, the situation on that day.
this movement Represents an increase of approximately 3% over the past 7 days And it is a sign of relative strength in the midst of chaos.
At the same time, gold, the traditional haven in times of uncertainty, remains above $5,000. A positive impulse that highlights how investors are looking for alternative assets in the face of escalating war.
This dynamic is also reflected in traditional markets. Wall Street opened lower on Monday, March 2nd, with the S&P 500 and Nasdaq down about 0.8%. Both indexes, show signs of partial recovery On the day.
However, the relationship between the front and financial markets This becomes even clearer when we look at the energy crisis caused by conflict..
Energy crisis breaks out
The standoff, now in its fourth day, shows no obvious signs of easing tensions, causing severe disruption to global oil supplies. This follows Iran’s attacks on key infrastructure and blockade of the Strait of Hormuz, or paralysis by risk.
It is the only sea route from the Persian Gulf to the open sea, making it one of the most important strategic points in the world. I’m going through there Approximately 20% of the world’s oil.
This situation has made exports impossible for most countries in the region, forcing Saudi Arabia to seek alternative routes that involve much higher costs.
As a direct result, Brent crude oil rose 8% in recent trading to over $83 per barrel. This is the highest level since early 2025.
Bitcoin has been historically resilient
Background of energy shocks and inflation risks In contrast to Bitcoin’s historical movement In a similar crisis.
As reported by CriptoNoticias, in April 2024, the currency depreciated by 7% due to tensions between Israel and Iran. Similarly, in February 2022, the start of Russia’s invasion of Ukraine caused BTC to rise to $34,000.
But in this episode of 2026, Bitcoin manages to hold on. show greater resilience than before. Although we are in the midst of the development of military operations.
This current strength illustrates the dual role of digital currencies. This shows that investors see Bitcoin as a haven of value comparable to gold in times of extreme geopolitical instability. They put aside for a moment the view of BTC as a “risk asset”.
For example, Iranians are known to be withdrawing BTC from exchanges, resorting to self-custody and restricting access to fiat currencies as a way to cope with the crisis.
Still, there remains uncertainty about the course and duration of the conflict, with U.S. President Donald Trump suggesting the war action could be extended. 4 weeks or more.
At this time, the following possibilities exist: The stability of an asset does not fully correspond to its role as a ‘shelter’, but rather to a waiting strategy on the part of its holders.They usually avoid big sales in anticipation of new events that could push prices up or down further.
