That's because a seized fire was announced. In the short term the war did affect Bitcoin which is not surprising
Collapse is a strong word. Like I usually say
Most people first reaction towards negative international news is to sell
Before they think back on what they are holding
Most times is by individuals that are init for the short term profit, Weak hands.

What I'm trying to say is, It does affect Bitcoin because price are influenced by investors sentiments
But only in a short term.

I noticed the decline after the US made their strike on Iran's nuclear site a few days ago. The market reacted the way it should, but bounced back for one reason I guess, and that's because the majority, especially investors, are not buying into their propaganda. If you remember, a similar decline occurred the moment the fight broke out at first, which made Bitcoin drop down to $101K if I remember correctly. Shortly after it bounced back despite the war and strike still ongoing.

The FOMO and propaganda is really making a negative impact, I can't deny to that fact, but I think the majority are not buying into it, so Bitcoin might continue to bounce back as long as it continues. I heard the cease fire just broke few hours ago, and both countries have resumed from where they stopped. We aren't buying into their stories this time, as we can boldly see what's happening.

Yep, short-term effects are like that: because the conflict deescalated as of now, investors think it's all fine and dandy.

We will see about that.

Same as when Ukraine vs Russia what happened to bitcoin? even though there is a decline bitcoin will return to its previous point so when the war between Iran vs Israel is going on now we don't need to panic because bitcoin has proven it before this incident. Always remember bitcoin will only be affected in the short term but in the long term nothing will be able to affect bitcoin.

There was already a war between Russia and Ukraine but the market did not have a significant effect on the price of Bitcoin. Continuing with Iran's war with Israel, the same situation also happened to the price of Bitcoin. The price drop to $98k occurred after the US intervention and even then it did not last long because it bounced back to the price of $106k.

For me this is an act of unvestors who have started to think well of Bitcoin and I think most people are starting to realize that Bitcoin is a safe asset to own because its storage is not like gold and other valuable assets when their country is in conflict like war.

I am also very surprised to see bitcoin drop during war, but if you check the Russian Ukraine war, bitcoin only dropped when Putin talked about Russia invading Ukraine. Russian soldier were very close to Ukraine at the border at the time and they invaded Ukraine immediately. After Putin speech, bitcoin dropped but not up to 12 hours that bitcoin increased back to the price it was falling from.

Bitcoin has been more prone to price fall to the war in the East Asia. I also do not know the reason for it, but now that bitcoin price is very sensitive to Trump and how United States is an ally to Israel and how people are fearing world war 3 has been the likely reasons. People are more about looking for Trump positive and negative news that can have effect on the market.

But if you noticed, if the negative news is coming from Trump, bitcoin will fall but later bitcoin will rise back as usual. I remember after the tariff trade war from Trump to almost all countries in the world and mostly about China, bitcoin fell, but late it increased and get to all time high. What I still see is that bitcoin is still proven to be a good asset.

About this political and society news, I am not afraid at all, I know they only have short term effect on bitcoin. The only thing that I am afraid of is the bear season. Maybe bitcoin will fall or not, but at least, bitcoin will still get to all time high after.

Bitcoin has matured and become one of the top 10 most valuable assets in the world, and can now be considered a mainstream financial asset alongside other assets. Therefore, I believe the discussion about whether Bitcoin can survive after the war is no longer relevant.

Instead, what we should be concerned with is whether the world sees it as a safe haven or a speculative asset. But what is happening, it seems the world still does not consider it a safe haven like gold, it is still just a speculative asset and that is why it is dumped every time there is war, geopolitical instability...Bitcoin behaves more like the stock market than gold.

Because many people still feel panic with the war situation... what they fear is where the price falls freely so that it becomes FOMO to sell it
During the time of the war, bitcoin did experience a decline, but after there was news of a ceasefire, it recovered faster without having to wait a long time, we saw the Ukraine and Russia war for several years, bitcoin was still able to reach its ATH record.

People should think like you, where when there is a war you just go without having to bring physical goods, while bitcoin can be carried anywhere easily without other people knowing, this is the advantage of bitcoin in critical situations during war.

Yeah, scared hands will always be the backbone from which smart money will get their push going: we, as retailers, should try to do the same and try to go for the opposite of this FUD-end-of-the-world flow

I thought the effect of a war has the opposite effect which is push price up as people have fear over holding their wealth in stocks, banks etc and want to secure the bag by getting everything moved up into crypto.

Btw that USA ceasefire didn't hold, we still watching closely to see what happens ...


Maybe because the war has escalated as ceasefire seems to have failed and the worst could be coming...