Western powers have implemented a new raft of sanctions against the Russian banking sector in response to the conflict in Ukraine. Russian citizens may now be turning to Cryptocurrencies as an alternative store of value as their national economy enters crisis mode.
Oil and Brent Oil both showed gains compared to last week’s prices as of Monday morning, perhaps due to the geopolitical crisis between Russia and Ukraine. Some analysts are raising the possibility of petrol prices peaking above $100 again in response to sanctions and supply constraints.
Tesla CEO Elon Musk is continuing his nearly two-month-long trend of selling huge quantities of Tesla stock. Let’s take a look at what may be influencing Musk to divest himself of over $1 billion of his company’s stock.