Bitcoin

Geopolitical supply disruptions typically trigger a flight to safety, but in the current extreme fear environment (Fear & Greed 25), crypto is trading as a risk asset, not a hedge. Persistent war strains may eventually reinforce Bitcoin's store-of-value narrative, but only after a period of heightened volatility and potential drawdowns.

Australia announced securing additional jet fuel supplies from China and urea from Brunei due to war-related market strains.