As with all sectors, the crypto currency market has been decisively hit by the war between Ukraine and Russia. Bitcoin fell to the level of 34k dollars, while there were also sharp declines throughout the market. Bitcoin rose to the level of 44k dollars last day and recorded a significant attack. The fact that citizens in Russia and Ukraine turned to cryptocurrencies also had a positive effect on the market. While tensions rose in the markets with Russia’s attack on Ukraine, risky assets were affected the most.
The cryptocurrency market recovered quickly after the drop. Bitcoin recently rose above the level of 44k dollars.
It was stated that there was an increase in transactions made by Ukrainians on Binance. Accordingly, when looking at the 24-hour trading volume, it seems that the Tether-hryvna trading volume increased from $6 million just before the invasion to about $8.5 million.
Ukraine Is Doing Airdrop
More than 15 million dollars of funds were transferred to the crypto currency donation addresses announced days ago in a short time and are continuing to be transferred. February 26, the DOT address in addition to the BTC and ETH addresses given was also recently shared with those who wanted to donate. Ukraine will offer airdrop facilities to people who donate. The news of the airdrop was shared on twitter and confirmed.
I hope ITS not so impact to crypto
Wow…this crisis has shown how effective the cryptos can be getting over short comings of Centralised agency like Government & Banks…Crypto is future…more said…let’s hope the war will come to an end soon…Pray for Peace
This is worrying me also.
great article
Crypto is the future
希望世界和平
nice info
Nobody loves war, the world should end and let’s embrace peace
Good project stroong
Very bad and worrying situation
Curious to see how this will affect crypto in the long run
As always bad things and good things will come out, things to avoid and from which to learn
thx for the info!
Just pray the war ends soon ?
Sangat memprihatinkan
I hope the war ends and the conflict gets resolved as soon as possible first and foremost. No amount of wealth is equivalent to life. That said, I think people affected by the war can benefit from using crypto but only as long as liquidity allows. After all, the entire crypto market capital is but a fraction of both Russia and Ukraine’s needs.
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Very bad and worrying situation
Crypto is future…more said…let’s hope the war will come to an end soon
Nice info, thanks
so good