Why Russia's 90-Missile Strike on Ukraine Rattles Crypto Risk

Russia launched a sweeping offensive against Ukraine on June 2, deploying up to 90 long-range missiles and over 600 drones against targets across multiple regions, the Russian Defence Ministry said. The strikes hit areas including Kyiv, Zaporizhzhia, Kharkiv, Dnipro, Poltava, Khmelnytskyi, and Sumy.

Ukrainian air defenses intercepted most of the incoming missiles, officials reported. Among the weapons used was the Oreshnik hypersonic ballistic missile, a system that is nuclear-capable. That fact has drawn scrutiny from defense analysts. The deployment of such a weapon during a conventional strike adds a layer of concern beyond the immediate destruction.

The attack has no direct connection to any cryptocurrency token or DeFi protocol. Geopolitical shocks of this scale historically push the dollar higher and weigh on risk assets, including Bitcoin, traders said. A stronger dollar typically creates headwinds for crypto, while uncertainty can drive flows toward safe havens.