Bitcoin

This geopolitical shock compounds existing supply chain vulnerabilities, potentially driving up agricultural commodity prices and keeping inflation elevated. In a market already jittery about interest rates, this could delay rate cuts, strengthening the dollar and creating headwinds for crypto. However, Bitcoin's growing narrative as a hedge against geopolitical instability and currency debasement may attract safe-haven flows.

Russia's intensified offensive on Ukrainian cities and ports has halted Ukraine's grain exports, severing an economic lifeline.