Bitcoin

The Ukraine-Russia conflict has been a persistent source of risk aversion since 2022, but its influence on crypto has waned as macro factors (Fed policy, inflation, Iran tensions) dominate. A potential de-escalation could marginally reduce the geopolitical risk premium, but until actual talks or ceasefires materialize, the market will treat this as noise. The US focus on Iran further diminishes Ukraine's market relevance.

Ukrainian President Zelensky proposed face-to-face talks with Russian President Putin via an open letter, stating that direct engagement is necessary to end the war.