Bitcoin Up 8% Since Iran-Israel War, While Stocks Slip
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- Bitcoin has risen about 8% since the Iran‑Israel war began on Feb. 28, with a 5% gain this week and most of that over a 24‑hour period.
- S&P 500 and gold are down more than 3% since the war began, while the Nasdaq is off more than 2%.
- ProShares operates more than a dozen cryptocurrency ETFs and launched the ProShares CoinDesk 20 Crypto ETF (KRYP) last month, which is up nearly 5% since the war began but down about 7% since its early February debut.
- Kim Arthur says Bitcoin is in a classic crypto winter and at a bottoming stage, noting it was down over 50% when the conflict erupted and remains more than 40% below its record high of $126,198.
- Simeon Hyman told CNBC that Bitcoin’s recent rise while equities are down supports a diversification story in the current environment.
- Bitcoin has gained about 15% over the past five years.
Why it matters: Bitcoin’s 8% gain since the war began translates into a relative win for crypto‑focused investors, as equity markets have fallen over 2‑3%, underscoring diversification’s relevance amid geopolitical risk and suggesting that assets perceived as safe‑haven may shift toward digital currencies during conflict‑driven market stress.
