Bitcoin

Crypto markets are already in extreme fear, with BTC at $65.9K and sentiment at 20 on the Fear & Greed index. Any supply chain disruption that raises geopolitical risk premium tends to amplify the existing risk-off mood, pushing traders toward cash or stablecoins. In a broader sense, persistent conflict in a key energy corridor accelerates the narrative for non-sovereign stores of value, but near-term capital flows contradict this thesis as liquidity dries up.

Ukrainian drone campaign disrupts Moscow's supply line to Crimea, causing fuel shortages on the occupied peninsula.