New US tariffs against the Russian Federation: how will this affect the cryptocurrency market?

Senator Lindsey Graham stated that the US may impose tariffs of 500% against Russia and countries that purchase Russian oil. The reason is to pressure Putin to start negotiations to end the war in Ukraine. The bill has already been supported by 72 senators, Bloomberg reports.

This news could have profound consequences for the crypto industry.

Two possible scenarios:

1. Geopolitical escalation and tariffs:

Tariffs will raise prices on oil and energy resources.

This could spark inflation in many countries.

As a result, investors may seek "safe havens":

Bitcoin as a hedge against inflation.

Stablecoins as an alternative to weak fiat currencies.

Conclusion: Interest in crypto is rising against the backdrop of global instability.

2. The war is coming to an end:

Geopolitical tension is easing.

Funds, traders, and large investors are returning to active risk.

Altcoins, DeFi, and NFTs are once again in the spotlight.

Conclusion: The bullish sentiment in the market is strengthening.

My opinion:

As we can see, both scenarios could play in favor of the cryptocurrency market — either through increased demand for safe assets or through the return of capital to risky instruments.