Bitcoin

The war in Ukraine has been a background factor for markets since 2022, but recent escalation could revive energy and commodity supply concerns, potentially boosting inflation expectations and delaying rate cuts. Crypto has increasingly traded as a risk asset, but also as a geopolitical hedge in some narratives, creating a tug-of-war.

Russia launched its largest attack on Ukraine's energy infrastructure since spring, killing at least six people and injuring 33 others.

Russia Hits Ukraine's Power Grid in Largest Strike Since Spring, Six Killed

Ukraine's energy grid attacks may accelerate a lesser-known on-chain trend: proof-of-work mining migration to renewable microgrids, boosting decentralized energy tokens.