[TL;DR]
Tensions between Russia and Ukraine are high. The United States is keeping a close eye on the situation across the Atlantic, with President Joe Biden indicating that the US will intervene if required. But While his administration considers sending soldiers to Eastern Europe, American investors must evaluate the implications of the escalating Russia-Ukraine crisis on the financial market. However, the body of this article highlights the major factors surrounding the financial market, what eventually happens if there's war, and the status of the market after the crash.
How did the Russia-Ukraine invasion affect Cryptocurrency?
United States President "Joe Biden" urged Americans to leave Ukraine immediately
as tensions rise between Russia and Ukraine while also warning that an attack could begin at any time. But for now, the U.S. has canceled sending troops into Ukraine despite Russia's military activities. However, Russia had repeatedly disputed any plans to invade Ukraine despite loading more than 100,000 troops near the border, even when Russian ships recently arrived in the Black Water and began massive military drills with Belarus. On this accord, Ukraine accuses them of obstructing its access to the sea.
Bitcoin fell to its lowest level in six months in the last week of January over worries of a Russian invasion of Ukraine. On January 24, the market saw a drop in riskier assets worldwide, extending the sell-offs. Bitcoin (BTC) fell as low as $32,982.11 as of January 24, while Ether had a 4% decline, which was as low as $2,176.4, as well as a 7% dip in SOL. Stocks also declined, but traditional commodities such as gold and the U.S. dollar continued to rise.
On Friday, Feb 11, the market also declined as traders reacted to the geopolitical tension. Bitcoin went as low as 5%, 4% for ETH, and a 7% dip in SOL price.
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February 25
