Wars can both drive cryptocurrency prices up or push them down, depending on several factors:

Price Surge: In times of uncertainty, investors often seek alternatives to traditional assets. Cryptocurrencies, particularly Bitcoin, can be viewed as a "safe haven," leading to increased demand and a price boost.

Price Drop: On the flip side, during periods of heightened risk, many investors flee volatile assets like crypto. Fear and market instability can lead to sharp sell-offs, driving prices down.

In short, wars create complex and unpredictable dynamics in the crypto market, making it difficult to predict if prices will soar or slump.