It depends on how the conflict intensifies and if other nations will be dragged into the conflict, right now it doesn't look like that and i believe a resolution is probably closer than allies joining in the fighting.
If it develops into a full blown war, then crypto assets would fall in price, that is normal, but it isn't only crypto assets that will suffer, the global economy would also suffer, the price of oil is already increasing, imagine what will happen in a full blown war and how it could contribute to more inflation.
Until now the crypto market and the stock market have behaved very strongly and there hasn't been any sort of big dump as we were expecting once this Iran Israel tension started.
However I think this is because America is not directly involved in this war and everyone thinks that sooner or later, there would be a deal between these two countries. However things may change pretty quickly if USA started to involve directly in this war and that may have a negative effect on the markets. If this happens we can easily see Bitcoin below 100K.