CME Bitcoin Futures Premium Hits Highest Level Since Early January

In traditional markets, oil prices rose 5% on both sides of the Atlantic early today after Russian President Vladimir demanded unfriendly nations pay for Russian gas in rubles. “As the EU (European Union) gets around 40% of their gas from Russia, this has huge implications,” Marcus Sotiriou, an analyst at U.K-based digital asset broker GlobalBlock, said in an email. “Rising oil prices increase the likelihood of a recession over the coming year.”