Crypto Banter
  • ABOUT
  • CRYPTO SCHOOL
  • LIVE STREAMS
Russia Ukraine Market update

Russia/Ukraine crypto update #5

It is now day 13 of Russia’s invasion of Ukraine, and uncertainty still hangs thick in the air.

Crypto Banter by Crypto Banter
March 8, 2022
in Breaking News
Share on TwitterWhatsappShare on Facebook

It is now day 13 since Russia’s invasion of Ukraine, and uncertainty still hangs thick in the air. This is our next installment in our Russia/Ukraine series, where we bring you the latest updates from the war which are affecting the global markets.

TL;DR:

  • Russia states its demands.
  • Zelensky stands his ground.
  • Wheat goes parabolic.
  • Oil prices may not be reflective of reality.

Russia has finally given some clarity over its demands from Ukraine, stating that they are neither looking to overthrow the country, nor take Kyiv by force.

Instead, it claims it will stop the war immediately if Ukraine accepts (amongst others) the following demands:

  1. Ukraine must change its constitution to include the provision that it will not join NATO, the EU or any other blocs.
  2. Ukraine must recognise the annexed Crimea as belonging to Russia.
  3. Ukraine must also recognise the two breakaway states of Luhansk and Donetsk as independent.

Once again, Ukraine’s president, Vlodomir Zelensky, confirms that, far from ceding to demands, he is going nowhere. He remains in Kyiv, in his office, from where he released a video he took via his cell phone.

Yesterday, we talked about a potential oil embargo against Russia. In retaliation to the potential sanction, Russia has come out to say that if such trading routes are cut, it may cut off its main gas pipeline to Germany.

Tensions are high. Let’s see how this is affecting the markets.

Everything macro

Gold continues to rise

Gold is flying, as investors flock towards the oldest inflation hedge around. Even Bitcoin bull, Will Clemente, is paying attention!

I personally don't own any gold, but this is one of the best chart setups out there right now. pic.twitter.com/Io2url0Egp

— Will (@WClementeIII) March 6, 2022

Wheat goes parabolic

As Russia and Ukraine are both major exporters of wheat, accounting for a joint 25% of global shipments, it comes as no surprise that the charts are reflecting just what supply and demand can do to price. Wheat ($WEAT) price has gone parabolic, printing its highest price in 14 years and setting a new all-time high in the process.

Wheat's Stage 2 advance getting parabolic too. $WEAT pic.twitter.com/IUpuIFXHt7

— Stage Analysis (@stageanalysis) March 7, 2022

Oil climbs

Russia’s top export, oil prices yesterday reached as much as $140 per barrel. The markets have definitely reacted to the conflicts in Ukraine, but are they truly representative of the situation at hand, and reality? Gareth Soloway suggests oil’s price action may be completely irrational, with the market overreacting.

Market Irrationality: Russia exports 5 million barrels of #oil/day. Global production is around 100 million barrels per day. Oil price goes from $95 to $120. Risk of a 5% reduction in oil supply causes 26% increase in price. Demand destruction occurring from the price pop as well

— Gareth Soloway (@GarethSoloway) March 7, 2022

Banter’s take

As always, our first concern is to those caught up in the conflict. As for the market, all eyes will be watching who makes the next move: Will Ukraine concede, and is Russia sincere in its demands? In the meantime, the conflict threatens further economic turmoil, as a potential liquidity crisis presents itself, and the prospect of banks defaulting on their Russian sovereign, not to mention supply and demand issues across major commodities, or just the fear caused by sanctions and statements. We will continue to bring you updates as they unfold.

Tags: BTCMARKETS
Crypto Banter

Crypto Banter

World's fastest growing Crypto YouTube channel and consistently bringing you credible crypto wisdom.

  • Home
  • Live Stream
  • Community
  • Crypto School
  • Banter Bubbles
  • Banter Capital
  • Crypto Banter
  • VIP Communities
  • Our Ethics
  • Work with Us
  • Fulfillment Policy
  • Terms of Service
  • Privacy Policy
© 2022-2025
Crypto Banter.
All Rights Reserved.
Intro to Crypto School
DaviddTech School
Whale Trading School
SNiper Trading School
Whale Trading School
Krown School

© 2022 - 2025 Crypto Banter. All Rights Reserved.

  • Home
  • Live Stream
  • Community
  • Crypto School
  • Banter Bubbles
  • Banter Capital
  • Crypto Banter
  • Our Ethics
  • Work with Us
  • Fulfillment Policy
  • Terms Services
  • Privacy Policy

© 2022 - 2025 Crypto Banter. All Rights Reserved.

  • Home
  • Live Stream
  • Community
  • Crypto School
  • Banter Bubbles
  • Banter Capital
  • Crypto Banter
  • Our Ethics
  • Work with Us
  • Fulfillment Policy
  • Terms Services
  • Privacy Policy

© 2022 - 2025 Crypto Banter. All Rights Reserved.