Bitcoin Up 8% Since Iran War Start, S&P 500 Down Over 3%
Bitcoin has gained about 8% since the Iran war began on Feb. 28, while the S&P 500 has fallen more than 3% and the Nasdaq Composite has dropped over 2%. ProShares’ KRYP ETF has climbed 5% since the conflict started but remains roughly 7% below its early February debut.
1. Performance Divergence
Since Feb. 28, bitcoin has rallied approximately 8%, contrasting with a decline of over 3% in the S&P 500 and a drop exceeding 2% in the Nasdaq Composite, underscoring a sharp divergence between cryptocurrency and equity markets.
2. ProShares KRYP ETF Activity
The ProShares CoinDesk 20 Crypto ETF has gained nearly 5% since the onset of the Iran war, yet it remains about 7% below its early-February launch level, highlighting uneven responses within digital-asset products.
3. Long-Term Bitcoin Context
Despite the recent upswing, bitcoin is still trading over 40% below its record high of $126,198 reached last October, reflecting persistent volatility and the impact of broader geopolitical tensions.