Bitcoin is still widely seen as a speculative asset, so during the early stages of war or crisis, its price tends to fall along with other risk assets, but it may rebound as the situation evolves..
It is very natural that the prices of other currencies, including Bitcoin, are reduced due to war. Because Bitcoin has been legalized in the country where many people have gone ahead. And he is used as a state reserve. And if any reason is caused a war with another state, then economically a lot is damaged. He should be sell in Bitcoin and because of this effect Bitcoin begins to decline. Moreover, there are many citizens who had Bitcoin Hold and want to be economically self -sufficient. But now we have no thoughts, because the price of Bitcoin has survived between Iran and Israel's war.
That's because of a panic sell.
People in that country started to panic and sell their Bitcoin.
However, I don't think that would have a huge effect. For me, when the economy is down, it could also be influenced by the war.
As I read before, wars and crises often lead governments to print more money or run large deficits, triggering inflation and currency devaluation. Bitcoin’s fixed supply can make it appealing as a store of value resistant to inflation, increasing demand, and driving its price up.
Therefore, not all the time do wars and crisis bring Bitcoin prices down.