📉 Immediate Impact: Sharp Drop
On February 28, 2026, when the US and Israel launched a joint military operation against Iran, the crypto market reacted immediately :
Bitcoin fell nearly 3.8% , dropping to around $63,000 .
Ethereum took a bigger hit, falling 5% to around $1,867 .
The entire market lost about $128 billion (approximately 4800 billion PKR) in just 44 minutes .