Bitcoin prices showed stronger performance compared to several traditional assets amid the war between the United States, Israel, and Iran that broke out in late February 2026. In the days following the start of the conflict, Bitcoin even managed to outperform gold and oil.
The first airstrike in the military operation called Operation Epic Fury began on February 28, 2026, at 13:15 WIB after US President Donald Trump approved the operation. The market initially reacted negatively, with Bitcoin prices dropping from around US$65,000 to the range of US$63,000.
However, the pressure was only short-lived. In the following days, Bitcoin instead reversed and rose to around US$74,000, or about 13% higher than the level before the attack.
The increase resulted in Bitcoin recording better performance compared to several assets that typically benefit during heightened geopolitical conflicts. $BTC
