Bitcoin

This event adds to global supply chain disruptions and inflation concerns, as Russia and Ukraine are major grain exporters. Persistent geopolitical instability typically drives investors toward safe-haven assets, while risk assets like crypto face outflows. Additionally, higher food prices could force central banks to maintain or tighten monetary policy, which is structurally bearish for speculative assets.

Russian grain export terminals were hit in a Ukrainian Black Sea port attack, and grain exports from both countries are falling as they attack each other's shipping facilities.