The tension between Russia and Ukraine has turned from a regional struggle to a global crisis. While the USA sided with Ukraine, harsh statements from both sides lowered the risk appetite in the markets.
US indices, which closed last week with big losses, made a selling start to the new week.
During this surge bitcoin We observe that the correlation between the US and US indices continues. Therefore bitcoin and altcoin investors are following the Ukrainian agenda closely.
In the latest notes published by JP Morgan analysts, it was stated that the effect of the Russia-Ukraine tension on the markets was mentioned and eyes were turned to the next moves.
Will Putin Cross the Red Line?
The biggest question for the market, according to JP Morgan, is whether Putin will go so far as to prompt the US and NATO to intervene militarily.
“Next moves will determine whether Putin will invade the whole country and then use this as leverage to return to the diplomatic table.”
The note stated that tensions between Russia and Ukraine and the impact of sanctions on US stocks were minimal, but high tensions constantly prevented a rally.
“The impact on US equities is minimal but prevents a sustained rally. As this tension continues, we think the market will continue to decline until the Fed’s interest rate decision in March.”
Now all eyes are on Putin’s statement to be made at 21:00.
The statement has been moved to 21:00. https://t.co/imxkXGnK4S
— Bitcoin System (@bitcoinsystem) February 22, 2022
*Not Investment Advice.