(Open post for discussion, analysis, & comment too👍) Well it's been a harsh week and the saddening Ukraine crisis is far from over. The global financial impact is driving hard still and creating further crisis too. Indeed it is a depressing time and what will the coming week hold for us all?

More aerial bombing continues in Ukraine after some ceasefires failed, but today an attempt at a "hold-fire" will commence at 7am UTC in "several cities" to allow "humanitarian aid" to reach people in such desperate need of it. I hope at least this small respite works out today. Sanctions continue to pile up against Russia with Visa and Mastercard, Tik Tok, and Netflix suspending services recently. (Sources: Sky News Live)

BTC reactions.

Last week as we saw, the Swift sanctions indeed kicked off a scramble for Russians to buy Bitcoin (but not really many alts) and Russian volume spiked thus driving the price of Bitcoin up to as far as $45,400. However, a full Bart move and retracement was concluded around midday Sunday and has since gone as low as $37,578 this morning around 3am UTC. It appeared as a "knee-jerk reaction" but ultimately unsustainable over less than a week.

Where does Bitcoin go now?

That is a tough one this week given Bitcoin to me has still not proved it is "war-proof" nor a "safe haven". It still appears to be on trend with falling stocks globally yet the impact is less overall. I could still see Bitcoin going further south this week but it all depends on the greater fundamentals that unfold with the Ukraine crisis. To me, more bad news it will tumble further along with the greater financial global economy and vice-versa if good news occurs. Bitcoin IMO has not "de-coupled" yet.

Where's the money going?

The usual suspects are still gaining capital and both are on record runs for more than a year. The dollar index (DXY) hit as high as 99.21 earlier today and a level that hasn't been seen since May 2020. Gold peaking at $2001 today and last time $2K plus was seen was August 2020. Indeed capital flight is obvious to these in times of crisis as stock markets continue to tumble.

Asian markets open. Indicator for the new week coming?

With the Asian markets first to open, they can often indicate how the European markets will open in a few hours too, followed by the U.S. markets later today. The picture isn't good with all markets clearly in the red ranging from -1.02% to -3.36% (inclusive of NZ & AUS); a very nervous start once again and we may see further pain globally today.

Oil. Yep, we feel the price !

Also the price of oil (Brent crude) is now trading at over $130 a barrel and I guess we have all found the impact of this when going to our local petrol station. Where I am the price of petrol has gone up @65% in say a month and I guess similar globally. It is an additional financial burden on us all. Furthermore, "The west" seeks to ban Russian oil altogether (Source: Financial Times) thus I would assume more upwards pressure on the Oil price would ensue.

In conclusion.

The Ukraine crisis is deepening and "Mad Vlad" appears to not be backing down. The financial cost to Russia and Belarus must be devastating and I feel sorry for many ordinary Russian people that are being financially ruined as we speak, some Russian soldiers who really don't want to be there and many that have given their lives already, and over 4,300 Russians arrested and detained over just this last weekend for protesting about the Ukraine invasion (Source: Sky news live) .

The global impact is now being harshly felt too and stocks are tumbling, Bitcoin failing over the week but arguably softly so far, and now it's expensive to fill up our vehicles too. Everyone is feeling the impact now. Will Bitcoin still prove itself as "war-proof" is yet to be seen and many "influencers" still offer bullish narratives, but for me, I'd rather stay more realistic in this current situation and plan for more pain to come although I hope it is not the case.

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What do you think? Please feel free to comment. You have my opinions and it doesn't mean I'm right. Feel free to disagree, agree, add opinion and so on; Don't be shy, We are all here to learn.👍

Cheers, CryptoGlyn.