The impact of the Russia-Ukrainian war on the cryptocurrency industry
WonderRhino
May 11
The beginning of war in Ukraine’s Donbas region has resulted in unprecedented fluctuations in the cryptocurrency market. On 24, February, Bitcoin slid 8.5% to $34,337 after Russia declared war on Ukraine. In turn, Ethereum dropped 12% to $2,300. Experts explain this as ambiguity, which is usually dreaded by financial markets. The day before Russia declared war on Ukraine, the cryptocurrency price went from 39,100 to 34,600 USD. Furthermore, the crypto-sector capitalization has dropped by more...
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