Different countries issues is the reason why bitcoin is suffering price loss, when countries are not at peace with others, the whole nations suffered economic crisis, I remember when the price of bitcoin start going down was same season Russian x Ukraine start economy wars. Bitcoin seem to remained statics because of sentiments by this countries attitude towards the resourceful digital products that would have swim financial hardship.
I think the regional conflicts don't have any direct on price of Bitcoin, however such geographical conflicts may have significant negative effect on global economy and financial markets. Consequently , such conflicts cause rapid increase in inflation due to disruption in supply chain, which ultimately creates negative sentiment among investment communities and prices of high risk financial assets, such as stocks and bitcoin start falling. This is how the regional conflicts may have cascading impact on financial markets, ultimately affecting the prices of financial assets.