Bitcoin Holds Steady As Middle East Conflict Rattles Markets
War is burning across the Middle East This is not the first time Bitcoin has been tested by armed conflict. According to market analyst Ted Pillows, the pattern has played out twice before. When Russia launched its invasion of Ukraine in February 2022, Bitcoin dropped — then surged 40%. When Israel struck Iran in June 2025, Bitcoin dipped again before gaining 25%. Feb 2022: Russia attacked Ukraine. ▫️ $BTC dumped first and then rallied 40%. June 2025: Israel attacked Iran. ▫️ Bitcoin dumped first and then rallied 25%. Feb 2026: US attacked Iran. Will a similar pattern follow again? pic.twitter.com/b8FLF4aR9p — Ted (@TedPillows) February 28, 2026 Now, following joint US-Israeli strikes on Iran in February 2026, Bitcoin has once again pulled back. Pillows is now asking whether that same rebound pattern could follow a third time. The current conflict is far larger than those earlier flashpoints. Reports say US-Israeli forces struck more than 2,000 targets across 131 Iranian cities and provinces, hitting nuclear sites, missile systems, and senior military figures, including Iran’s Supreme Leader.What History Says About War And Bitcoin
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Iran fired back with missiles and drones aimed at Israel, US bases, and multiple Gulf states. The war has dragged in Lebanon, Bahrain, Saudi Arabia, Qatar, the UAE, Cyprus, and a UK military base.
Bitcoin has dropped 3.5% since Feb. 26, bringing its price to $65,540. It briefly touched $63,030 on Feb. 28 before climbing back above $65,000.
Given the scale of what is happening on the ground, that kind of price movement is relatively contained.
Featured image from Pexels, chart from TradingView
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