Investing in cryptocurrencies and digital assets have been known to be very volatile investments, demonstrating reactivity to news and events in the conventional world. As a result of their reputation as highly volatile assets, cryptocurrencies carry an inherently higher level of risk relative to other investments.
As expected, the Invasion of Ukraine by Russia has sent the crypto market into a bit of a frenzy, with prices of Bitcoin and Ethereum, two of the largest cryptocurrencies reacting after Russia announced on Thursday that it would commence military operations against Ukraine.
In the light of the news of Russia's 'special military operation' in Ukraine, the cryptocurrency market's long-term worth is being put to the test. The entire valuation of the market was reduced by more than $300 billion, which is around 10 percent on the day and is currently worth $1.5 trillion.
Crypto Market Reacts to Russia's Invasion Of Ukraine
Reviewed by B_Yk
on
February 28, 2022
Rating:
Reviewed by B_Yk
on
February 28, 2022
Rating:
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