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Bitcoin Drop after Putin announces ‘special military operation’ in Ukraine

Mia Isabella by Mia Isabella
February 24, 2022
in Technology
60 2
0
Bitcoin Drop after Putin announces ‘special military operation’ in Ukraine

Bitcoin Drop after Putin announces ‘special military operation’ in Ukraine

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A piece of news has been come on the web, that the Russian army has started a military operation in Ukraine as missile explosions have been heard surrounding many areas, the capital of Kiev also including in this. The response has been dropped by markets. Stock market and Global crypto dunk after Russian President Vladimir Putin disclosed or announced on a national broadcast that his army would organize a “special military operation” which will be in Ukraine. This step is taken by Russian President Vladimir Putin. Here are many information about the news. You are on the right page for getting the right information about the news. We will let you all the important details in this article. Let’s continue the article, keep reading.

Bitcoin Drop after Putin announces 'special military operation' in Ukraine

As the sun started to increase in Ukraine, the missiles has been launched by the Russian army around various areas of the country, and the report is the capital of Kiev and the city of Kharkiv is included as well. The Bitcoin price has dropped 7.26% to $35,000 today as per the confirmation of Cointelegraph Markets Pro. Ripple (XRP) dropped 9.24% and Ethereum (ETH) drooped 9.48% today. Overall crypto market cap has dropped 8.25% to $1.58 trillion at this time. Several details remain about the news, which we will tell you in the next section.

Also Read: SOL Price Prediction 2022

Motility is spiking on other major global financial indexes like the S&P 500 (GSPC) and the Dow Jones Industrial Average (DJI) are down close to 2% in the last hour. Founder of Ethereum Vitalik Buterin, who  the spent first six years of his life in Kolomna in Russia, tweeted at about 4 am UTC in Russian that he is:”

He writes that “he is very upset by Putin’s decision to waive the possibility of a peaceful solution to the dispute with Ukraine and go to war instead, added that this a crime against the Ukrainian and Russian people. He says that he wants to wish everyone safety, though he knows that there will be no safety. Glory to Ukraine.” At the last, he said that “reminder: Ethereum is neutral, but he is not.” The cost of oil has peaked at $99.50 in response to Russia’s actions.

Crypto and Podcast host investors Anthony “Pomp” Pompliano pointed this that since Russia is mentioned as the world’s third-biggest producer of oil, “the effect of this condition is going to be felt globally”. Advisor to Atlas DEX Altcoin Sherpa tweeted on Twitter “that the focus should be on the public involved and not the impact on the market.” Stay tuned for more updates.

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Mia Isabella

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