#Bitcoin often dips sharply at the outset of wars or major geopolitical escalations (like the 2022 Russia-Ukraine invasion dropping 9% to $34k, or the 2026 U.S. Iran conflict falling to around $63,000 after initial strikes) due to immediate risk-off selling, liquidity crunches, and correlation with broader markets as investors flee volatile assets.It then frequently pumps in the subsequent recovery phase (e.g., rebounding to $69,000–$71,000+ amid the ongoing 2026 Iran escalation) as Bitcoin attracts buying as a digital gold hedge against inflation from war-driven spending, fiat debasement, sanctions-related demand in affected regions, and opportunistic spot/ETF accumulation once initial panic subsides. $BTC