Bitcoin

The strike on energy infrastructure in Russia's second-largest city during a high-profile event suggests Ukraine is willing to take the war deep into Russian territory, potentially triggering a severe Russian retaliation that could disrupt global energy supplies and spike oil prices. For crypto, this adds to a macro environment already dominated by extreme fear (F&G 11) and a bearish tilt, where geopolitical shocks often amplify risk-off moves before any safe-haven narrative reasserts itself.

Ukrainian long-range drones struck an oil terminal and other energy/military sites in Saint Petersburg on June 3, 2025, hours before the start of the St. Petersburg International Economic Forum.

Ukrainian Drone Strike on St. Petersburg Oil Terminal Rattles Crypto Markets Already in Extreme Fear

Ukrainian drone strike on St. Petersburg oil terminal may force Russia to liquidate Bitcoin reserves, adding sell pressure to an already fragile market.