Bitcoin Crashes to $34K as Russia Declares Military Operation in Ukraine

As Russian military forces attacked Ukraine’s military infrastructure, border guard units and border security units, tensions escalated between the two countries. The entire crypto market responded with huge price drops, which was somewhat expected.

Reports began to surface earlier today describing explosions in Ukrainian military areas. The president of Ukraine, Volodymyr Zelensky, stated that Putin had launched an invasion of Ukraine. The situation in the crypto space has been similar. Bitcoin dropped from $39,000 to $34,500 yesterday to just over a day ago. Many altcoins have seen double-digit price drops, including Ethereum and Binance Coin.

BTCUSD. Source: TradingView
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Marla Brooks

Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

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