Bitcoin

This conflict adds to a growing list of geopolitical flashpoints (Ukraine, Middle East, Taiwan) that have historically had minimal direct impact on crypto unless they disrupt energy markets or trigger a global risk-off event. With BTC dominance high and altcoins lagging, capital is concentrating in Bitcoin as a relative safe haven within crypto.

Ethiopian forces recaptured Mekelle, the capital of Tigray region, amid renewed fighting with Tigrayan forces.

Ethiopian Forces Retake Mekelle as Tigray Fighting Flares Again

Ethiopia's Conflict Could Inadvertently Boost Bitcoin Mining Hashrate as Displaced Energy Finds New Use

The Ethiopia-Tigray conflict is part of a broader pattern of regional instability across the Horn of Africa and Sahel, which has historically driven capital flight into stablecoins and BTC in affected economies. With BTC dominance high and the Fear & Greed Index at 73, the market is in a greedy phase that can absorb minor geopolitical shocks but remains vulnerable to a broader risk-off trigger.

A drone strike hit a Tigray TV station as rebels advanced in northern Ethiopia, with heavy clashes reported between government forces and the Tigray People's Liberation Front.