The war between Russia and Ukraine has begun to affect the world's most popular cryptocurrency and bitcoin market. Cryptocurrency, Bitcoin, fell four percent to, 34,932.08 after Russia declared war on Ukraine.
The war between Russia and Ukraine (Russia-Ukraine Crisis) has begun to have an impact on the world's most popular cryptocurrency and the Bitcoin market. Cryptocurrency, Bitcoin, fell four percent to, 34,932.08 after Russia declared war on Ukraine. Ethereum Capital, the second-largest cryptocurrency, fell more than 10 percent to ৭৬ 2.38.19. Other popular cryptocurrencies, such as the Dogecoin, are down more than 12 percent. Shiva Indu is down 10 percent. Polka dot is down more than 10 percent and polygon is down more than 12 percent. XRP decreased by more than 9 percent.
How Will the Russia-Ukraine Crisis Affect Crypto? The Effects of the Russia & Ukraine Crisis!
The reasons for the collapse of the cryptocurrency market are:
The cryptocurrency market has fallen 191 percent in the last 24 hours. After Russia declared war on Ukraine, bitcoin, Ethereum and other major altcoins began to light red lights. That is what the experts have demanded. They also warned that the crypto market will be down for the next few weeks.
Over the past few weeks, the Russia-Ukraine crisis has created global unrest. It is feared that this could have a greater impact in the days to come. In the first days of the war, the cryptocurrency market has plummeted. However, the situation in the Russia-Ukraine war will not only affect the cryptocurrency, but also the financial markets. Notable among these are equities.
Russian President Vladimir Putin has sounded the alarm over the war on a television in the morning. Shortly after his declaration of war, Russian forces invaded Ukraine. Russia claims it has already fired missiles at several Ukrainian cities. The attack took place in the Ukrainian capital, Kyiv. Kyiv, the capital, is completely silent in the terror of war. The Russia-Ukraine crisis has been going on for a long time. In that sense, it is possible Russia should not be sidelined by modern-day Ukraine, Putin said. Which is increasing the discomfort of Russia day by day. So Ukraine is responsible for all the bloodshed in this war. For that reason, he called on the Ukrainian army to surrender. Putin added that Russia's intention was not to occupy Ukraine's territory or to annex it to Russia. Moscow will not impose anything on Ukraine.
However, Ukraine's foreign minister said in a statement on social media shortly after the Russian attack that Ukraine would respond to Russia's attack. In this war, they will fight. He also expressed hope of winning. Ukraine has also said it is fighting a war of aggression. So Ukraine will not bow to Russia.