According to The Kobeissi Letter, commodities markets surged significantly following the recent Ukrainian drone attack on Russia, with traders reacting to the increased geopolitical risk and pricing out the likelihood of a near-term peace deal between Russia and Ukraine (source: The Kobeissi Letter, June 2, 2025). This heightened market uncertainty is leading to a flight to safety and increased demand for hard assets. For cryptocurrency traders, this escalation may result in higher volatility for Bitcoin and Ethereum, as digital assets are increasingly viewed as alternative safe havens during periods of geopolitical instability. Monitoring commodities and crypto correlation is crucial for short-term trading strategies (source: The Kobeissi Letter, June 2, 2025).