The U.S.-Iran conflict has been one of the biggest macro drivers for Bitcoin over the past month. Here's how it's played out:

WHEN TENSION FLARES BTC DIPS
Trump's hawkish rhetoric has repeatedly rattled risk sentiment. When he vowed to hit Iran "extremely hard" and threatened oil infrastructure, BTC slipped roughly 2% to the $66,500 range. The reasoning is straightforward: war fears spike oil prices (WTI surged toward $115/barrel at one point), markets reprice inflation expectations, and risk assets like crypto take a short-term hit.

WHEN TENSION EASES, BTC BOUNCES
The flip side is equally clear. When Trump announced a temporary5-day pause on strikes following "productive" talks, Bitcoin climbed back toward the $70K mark and the broader crypto market cap added roughly $60billion. Similarly, when Iran signaled willingness to cooperate on the Strait of Hormuz, BTC quickly trimmed its losses alongside stocks.

THE BIGGER PICTURE: BTC IS ACTUALLY HOLDING UP WELL
One analyst at Delta Exchange noted that BTC has shown relative strength, outperforming both gold and the S&P 500 since the conflict began — up roughly 7% while traditional assets stayed subdued. Right now BTC is trading around $69,071, up -2.89% in the last 24 hours, with a double-bottom pattern forming on the charts and MACD showing a bullish crossover on the daily.

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