Bitcoin slips below $ 35,000 in the middle of Putin's call to the comprehensive invasion of Ukraine
Bitcoin slips below $ 35,000 in the middle of Putin's call to the comprehensive invasion of Ukraine
- Bitcoin has fallen to the lowest level in a month when President Putin escalated military operation on Ukrainian territory
- The Foreign Minister of Ukraine said that the cities of his country were affected by strikes before he described Russia's approach as a "war of aggression".
The price of the world's largest cryptocurrency after market value fell to the psychological support line of $ 35,000 late on Wednesday evening when Russian President Vladimir Putin called for a military mission in Ukraine.
according to Blockworks.co/prices, Bitcoin fell by almost 9 %within 24 hours. Many leading digital assets have been traded at the lowest level since January 24th.
Putin, who appeared on television at around 10:00 p.m. ET, said that he had ordered the Russian military to move to the Ukrainian Donbass region. Reporter also in the Ukrainian capital Kyiv explosions observed .
On Wednesday,Russia explained the Ukrainian areas of Donetsk and Luhansk in the Donbass region as independent of what was strongly convicted by the western powers. Putin said the decision to move to these areas was a reaction to the threats from Ukraine.
The Russian President warned other countries that any attempt to interfere in Russia's affairs would "lead to consequences that they have never seen before," reported ABC News.
Shortly before Putin started with his speech, the price of Bitcoin began to fall below $ 36,600 and continued to fall to a low of $ 34,322, as stock exchange data show. On the hourly chart you can see a flood of seller volume that follows its descent, with little resistance from Bitcoin purchase campaigns.
Earlier on Wednesday, US Pentagon spokesman John Kirby called Russian armed forces continued to collect along the Ukrainian borders Made to act and carry out military actions ”.
On Wednesday, a sale of stocks and crypto was observed that expanded the trend at lower prices, since the S&P 500 and Nasdaq -1.84 % or -2.6 % closed.
The Foreign Minister of Ukraine tweeted on Thursday that Putin had started a “comprehensive” invasion against his country and that cities in the region were “under strikes”.
Putin has just started a comprehensive invasion in Ukraine. Peaceful Ukrainian cities are on strike. This is a war of attack. Ukraine will defend itself and will win. The world can and must stop Putin. The time to act is now.
- dmytro Kuleba (@dmytrokuleba) 24. February 2022
Investors have continued to observe developments in Ukraine, with both traditional and markets for digital assets. The eyes are now aimed at the USA and its allies because of their reaction to the increasing crisis.
gold continues to keep water and increased by 2.6 % on this day-over $ 1,950 per troy ounce-while WTI-raw oil has increased by 7.3 % and is traded at $ 99 per barrel. Meanwhile, crypto -assets swim around in a red sea, with Cardano, Avalanche, Polygon and Dogecoin the top 20 affected after market value most affected, with a decline between -15 % and -17 % over the day.
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The contribution "Bitcoin slips below $ 35,000 in the middle of Putin's call to the" comprehensive invasion "of Ukraine" is not a financial advice.