On March 3, 2026, at 1:00 AM, just as the Asian trading session was beginning, the cryptocurrency market experienced an unexpected surge.

Bitcoin, without any obvious positive news, broke through the $70,000 mark, with a 24-hour increase of over 5%. Ethereum followed closely, surpassing $2,090, with a similarly impressive gain. Altcoins like Solana, Cardano, Dogecoin, and others all turned green, with gains generally ranging from 5% to 10%.

Just 48 hours ago, this market was in a panic sell-off due to the outbreak of conflict in the Middle East. On February 28, when Israel and the United States launched a military strike codenamed "Epic Fury" against Iran, and news of Qasem Soleimani's death broke, Bitcoin briefly fell below $63,000, and Ethereum dropped below $1,800. Over 150,000 traders were liquidated during that crash, wiping out $500 million in wealth.

Yet now, the market is rebounding strongly in a nearly provocative manner.

Why?

In a time when the war is ongoing, the Strait of Hormuz is closed, oil prices are soaring, and geopolitical uncertainties are at their peak, why is capital flowing into cryptocurrencies?

This article will focus on the surge in the early hours of March 3, thoroughly analyzing the multiple reasons behind this "rebound amid war." We will trace the full market trajectory from the crash on February 28 to the rally on March 3, examine how the expectation that "the worst is over" is driving capital back in, interpret the continued inflow of institutional funds and the movements of on-chain whales, explore Bitcoin's unique role as a "24-hour market" during weekend crises, and place all of this within the broader context of geopolitical tensions and market psychology. Ultimately, we will ask the question that all investors are pondering:

When the war is still ongoing, why does the crypto market dare to surge against the trend?