- The most recent sanctions are wreaking havoc on global financial markets. The Russian ruble is also plunging, and the Russian economy is being squeezed. Most global equities are also down since the start of the war, and with investors on edge, volatility is spiking.
- The effects of this war are hitting the commodity market especially hard. Most important, crude oil is soaring over $100, with Russia playing a major role in the global oil market.
- On the other hand, after losing half its value since reaching all-time highs in November, Bitcoin is trending once again. One reason for this can be its status as a decentralized currency.
For further details see:
How The Market Reacts To War: What You Need To Know In 2022