Trump's plan to stabilize oil prices is now in disarray, adding to macro risks for Bitcoin.

Ukraine Drone Strikes Disrupt Russian Oil Flows, Adding Pressure to Energy Markets

Ukrainian drone attacks on Russian oil infrastructure are throwing a wrench into Washington's plans to calm crude markets. The strikes have undercut short-term measures the Trump administration rolled out to stabilize things.

Here's the backstory. The US had temporarily lifted sanctions on Russian oil to offset supply disruptions from the war in Iran. But the Ukrainian attacks have now knocked out roughly 40% of Russia's crude export capacity. The result? Oil prices are staying stubbornly high.

That's feeding into broader concerns. Analysts warn that persistent energy price hikes could fuel inflation and push central banks to tighten monetary policy—a headwind for risk assets like bitcoin. Traders are already starting to bet on a Fed rate hike in the near term. Bitcoin, meanwhile, has been bouncing between $65,000 and $75,000. It's currently trading around $68,500.