In conclusion, the ongoing conflict between Ukraine and Russia has the potential to impact the cryptocurrency market, with potential implications for investments and trading. While the full extent of the impact is still unclear, investors should approach the situation with caution and consider the potential risks and rewards of investing in cryptocurrency during a period of geopolitical uncertainty.
If I really remember the conflict that took place between Russia and Ukraine, the condition of cryptocurrencies had experienced a sharp decline, although in the near future it recovered, especially on bitcoin's journey on the market and finally the FTX case again made bitcoin decline. Basically it's not only the industrial sector (Crypto) that has an impact on the war, but furthermore other sectors such as food, energy and inflation also affect it globally.
Geopolitics can always play a negative role for any growth, especially for cryptocurrencies that also have an impact, many investors are starting to activate caution to enter the market. But when they understand bitcoin and the price starts to fall, then some investors will be very eager to buy in those conditions.