While global headlines are filled with talk of World War III, the crypto market seems to tell a different story.
In the past, sudden geopolitical tensions have typically prompted investors to move their money to safer assets like gold. But this time Bitcoin [BTC] reacted differently.
Despite fears of a broader economic slowdown, Bitcoin did not fall below the key $60,000 level. Instead, it went higher. At the time of writing, Bitcoin was trade at $66,472.88, up 0.42% in the past 24 hours.
Bitcoin DATs show strength
The strength of Bitcoin’s price action was also reflected in related stocks.
According to Google Finance data, Michael Saylor’s Strategy (MSTR) stock jumped 6.29% in one session to $137.65. Moreover, the company continues to adhere to its long-term “HODL” strategy.
According to reports, Strategy bought 3,015 BTC for approximately $204.1 million, paying an average price of approximately $67,700 per coin, making the total owns up to 720,737 BTC.
However, it is worth noting that the average purchase price of BTC was $75,985 per Bitcoin. Since Bitcoin is currently trading below that level, the overall position is still underwater.
Meanwhile, the mining sector is recovering at different paces, but the overall direction remains positive.
For example, MARA Holdings was trading at $9.45, marking a strong gain of 5.70% on the day, while Riot Platforms (RIOT) was priced at $16.43, a more modest increase of 0.86%.
Trump signals a bigger storm on the horizon
On the other hand, the geopolitical situation is deteriorating.
In short interview Speaking to CNN on March 2, US President Donald Trump said the US military is currently “getting rid of” Iran, but warned that a “big wave” of conflict is still coming.
“We’re smashing them. I think it’s going very well. It’s very powerful. We have the largest army in the world and we’re using it.”
This came in addition to a report from CryptoQuant showing that nearly $1.8 billion in sales volume flooded the market within just one hour of the attack.
What actually awaits us?
But even though Bitcoin’s price proves strong in times of war, says Jan van Eck, CEO of VanEck, stays carefully. He pointed out that Bitcoin is still more than 50% below its October 2025 high of around $126,000.
Based on the traditional four-year halving cycle, 2026 is expected to be a correction phase rather than the start of a new bull market.
Simply put, this recent rally may not represent a full recovery. It could just be an early stage of soil formation.
There is also another risk. If Trump’s mentioned “big wave” leads to a major oil shock, Bitcoin could once again move in line with risky tech stocks. If that happens, the $60,000 support level could be retested.
For now, the market is not in panic mode, but it is not in full bull mode either. VanEck’s CEO put it best when he said:
“I think we are reaching a bottom and this is a very nice sign of life.”
Final summary
- Strategy, MARA and Riot moving higher suggest investors are backing the broader Bitcoin story.
- Trump’s “big wave” warning and possible oil shocks could quickly shift sentiment and test support again.