Bitcoin

This event reinforces the narrative that geopolitical risks are not subsiding, which supports safe-haven assets like gold and Bitcoin. However, in the current market environment, BTC is trading more like a risk asset, correlated with tech stocks, and has been range-bound between $80K and $85K. The lack of a decisive market reaction suggests traders are desensitized to Ukraine war headlines unless they escalate to NATO involvement or energy supply shocks.

Six Ukrainian energy sites have been hit by Russia since US President Trump announced a ceasefire that would spare energy infrastructure, according to Ukrainian President Zelensky.