4 days ago
10
Key Takeaways:
- BTC dropped 50% from $126,100 to $63,000 before war.
- BTC led Nasdaq correction by 3-4 months, priced in first.
- Crypto market cap held above $2.20T after February 28.
- Gold crashed 25% from $5,600 peak during the conflict.
- Nasdaq gained 24% from March low, BTC only 20% from bottom.
When the first strikes landed on the evening of February 28, 2026, most market watchers braced for a crypto collapse. Bitcoin didn’t crash. It held. Then it started climbing. Gold, the asset every textbook points to as the ultimate safe haven, peaked at $5,600 and fell to $4,150 within weeks. Nasdaq crashed hard, then staged a recovery that outpaced Bitcoin’s own. Three assets, the same war, three completely different outcomes.
The explanation starts four months before February 28.
Four cracks that opened before the first shot
In October 2025, Bitcoin hit $126,100 on Binance. What followed was a decline that most retail participants treated...
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