How did military conflicts affect the price of Bitcoin?

Israel and Palestine

Hamas attacked Israel on October 7, 2023, when the price of Bitcoin was around $28,000. In contrast to the Russian invasion of Ukraine, the price of Bitcoin fell less than 6% to approximately $26,500 over the next five days.

By October 25, 2023, the price of Bitcoin had reached $35,000, only to tumble nearly 5% by October 27, 2023, when Israel invaded Gaza. Bitcoin's price is in stark contrast to the price fluctuations of 2022, with Bitcoin surpassing $40,000 by early December 2023, and going on to surpass $73,000 for the first time on March 12.