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 believe that it will not significantly impact the overall crypto market since we are decentralized and not owned by a single country. Look at what happened in the past with China's ban on bitcoin. Although the market panicked, bitcoin eventually reached a new all-time high. Bitcoin and fiat are different; during times of war, fiat will suffer, but bitcoin will prosper. That's my take.
indeed, if you look at it, the war with bitcoin is not significant, but the connection may be that when the war occurred and resulted in a decline in the global economy, investors experienced a decline, due to economic difficulties. but during the ukraine war until now, bitcoin touched the lowest price of up to $ 16k and is currently increasing almost 2x, from that we can actually take advantage of it in the past to make profits in a short time even though it is still in a bearish season, taking advantage of the moment to be the key to success in investing in bitcoin