Yesterday I said that the situation in Ukraine would not affect bitcoin much, but today after the outbreak of military action the price has fallen by 10%. But what scares me is that if the same situation happens in Taiwan, then we will definitely see a good price drop.
In Taiwan though, there is no physical war, it all psychological warfare.
But this is different, Russia is on the move as per the directive of Putin and you can see in news footage from big news organization that there are shelling on the city already. So yes, the war has started putting a 8% dent on the market and there could be more drops in the next coming days.