#IsraelIranConflict
How has the price of BTC fluctuated after the Russia-Ukraine war and the Israel-Palestine conflict? Historical experience shows: first it drops then it rises!
1 ⃣ Russia-Ukraine War, February 24, 2022, Putin launched a special military operation against Ukraine, BTC dropped sharply and the global stock market along with cryptocurrency entered Black Thursday.
After the war broke out, BTC first dropped then rose. Two months later, it entered a phase of decline that lasted half a year, then began to rise sharply.
Interestingly, cryptocurrency as a means of donation and payment has garnered a lot of attention in this war, historically referred to as the First Cryptocurrency War.
2 ⃣ Israel-Palestine Conflict, October 2023, BTC dropped sharply for a short period. Then continued to rise without any decline.
Interestingly, at that time, cryptocurrency projects backed by Israel had dropped significantly…
The safe-haven value of BTC was again mentioned in this war.
3 ⃣ Summary: The sudden news of war initially triggered a panic sell-off, activating leveraged liquidations on-chain, and technical and emotional aspects resonated with the decline. After the liquidations, the market gradually stabilized and even recovered due to factors such as improved macro liquidity expectations.
