We have become accustomed to seeing wars in Ukraine and Russia in recent several years. The same is happening with Israel and Palestine. Russia has announced a ceasefire from May- 8 to May -11, and a positive decision may be made for a permanent ceasefire in the future. The global economy continues to be in a negative trend and if there is a new war between these Asian neighbors the situation could get even worse.
You said there has been war in Ukraine between Ukraine and Russia. You also said there has been war between Israel and Palestine. When the war started in Ukraine, bitcoin was less than $25000. Bitcoin was also of low price when the war started between Israel and Palestine. So why did you ended your post with this:
This could have a negative impact on the crypto market but the likelihood of such dumping is likely to be low because both countries are much poorer and populous than Europe. I think they might not want to involve war so they can become more poorer.
When Russia invaded Ukraine, bitcoin fall but it increased back that day. I remember when Hamas sent over 2000 rockets to Israel, bitcoin first fall but later increased back
within a very short period of time. This happened
again when Israel retaliated but what later happened was that bitcoin increased far more.
All I know is that bitcoin will increase if the war
begins and continues.