Bitcoin

This is part of a pattern where Western nations are deepening involvement in Ukraine, potentially leading to more sanctions on Russia and higher global inflation. For crypto, this reinforces the narrative of Bitcoin as a hedge against fiat debasement and geopolitical uncertainty, but it also increases the risk of regulatory crackdowns on crypto as a tool to evade sanctions.

Ukraine hosts a meeting of European backers to press for air-defence supplies and increased pressure on Russia amid escalating attacks.