Bitcoin

The defiance of sanctions via military shipments highlights the fragility of international norms and could lead to further sanctions or retaliatory actions. This adds to an already tense macro environment characterized by high inflation, central bank tightening, and a fearful crypto market (Fear & Greed at 30). Crypto is increasingly correlated with traditional risk assets, so geopolitical shocks often cause short-term volatility.

A Russian ship transported armoured personnel carriers and trucks through the English Channel to Africa, defying sanctions, as shown by satellite images.