Global political instability, such as geopolitical conflicts, can affect the cryptocurrency market in both direct and indirect ways. Directly, in regions affected by conflicts, investors may turn to cryptocurrencies as a more liquid and portable store of value, increasing demand and prices in those areas. Indirectly, geopolitical tensions can disrupt global economic stability, leading to currency devaluations, inflation fears, and changes in investment sentiment. These macro - level impacts can then drive investors towards cryptocurrencies as a hedge, influencing prices globally.