The market doesn't care about the war. The only thing that matters to it is energy and oil.

As long as the Strait of Hormuz remains closed and the energy infrastructure has issues, uncertainty will persist. But once that is resolved, whether because Iran runs out of weapons or an agreement is reached, the markets will rise.
In the meantime, capital doesn't know where to go. Tech stocks are in a critical zone, and gold is behaving strangely. Meanwhile, Bitcoin is holding up better than almost everything else.
Capital is shifting somewhere. And for now, that place is Bitcoin.