So far all it has done is to keep the price a little above $100,000. And I don't think there will be any big rises until the conflict becomes a little clearer. There could be downside, if there is downside in the markets in general. But as with the tariffs, bitcoin was the least affected and took the least time to recover.
Bitcoin is currently pricing at $99k, so we can say that this war is really making a consistent impact with bitcoin. But nevertheless, bitcoin is not directly affected, but somehow it’s still affecting its price. For now, we can’t tell if there will be big pumps going to happen after this current price drop, but one thing is certain, bitcoin is going to find its recovery soon, and once it starts to be visible, we might be surprised again with a new ATH waiting on the line.