Organized the impact of geopolitical situations on the prices of BTC and ETH over the past 3 years:

I believe there are mainly 3 large regional conflicts:

1. Russia-Ukraine War:
-Starting from February 2022, it will enter a heated stage in February 2024, and it is currently ongoing;

2. Sudan Civil War:
- In 2023, a large-scale civil war broke out in Sudan.

3. Middle East Situation:
-On October 7, 2023, Hamas launched an attack on Israel, igniting the Israel-Palestine conflict;
-On October 2, 2024, Iran declared full-scale war on Israel;
- On June 13, 2025, Israel declared war in reverse, and the war with Iran broke out;

As can be seen from the figure, the news of local wars has only caused short-term price fluctuations for BTC and ETH, but in the medium to long term, the impact is not significant.