its probably just a psychological thing where people are afraid and thus the whole market gets affected it happened quite often, sometime the effect become the opposite too, for example when crisis hits certain country a year back if im not mistaken the market instead going up becasue people are trying to save their wealth by migrating over their investment including stocks, gold and so on which they deemed unsafe to bitcoin and it works wonder and that causes the price to rise.
as for now, there's really hard to judge what the correlatino is but expect the market to behave dynamically this time around, after all, war is always a bad thing to happen.
Just hope that peace come back and we can focus on the better thing that this world offers, for once and for all.
Peace is all we want, peace is all what the whole world wants, aside from a few people. The entire war in middle east (or wars anywhere) are results of maybe maximum of 100 people, thousands and thousands of people die because of it, but it happens because of maximum of 100 people.
These are politicians, some higher level soldiers who knows they will not be at the war, like generals and such, and these people from both sides, in any war, end up with getting others killed because they do not care about peace, they want war. This results with a lot of innocent people dying, and this is another one of them. Iran and Israel, I guarantee you, make a referendum and both nations will vote 90% not to vote at least, probably more, but politicians do whatever they want.