The debate over whether crypto serves as a hedge during war is no longer theoretical. After the recent U.S.–Iran conflict, the crypto market has taken a surprising turn that many traditional analysts did not expect. Normally, during geopolitical tensions, investors move their money into safer assets like gold or the S&P 500. However, the data since the 24th of February dip suggests something different. Instead of staying weak, the crypto market has staged a strong comeback. On the 10th of March,