Market Wrap: BTC, stock tank after bids described the threat from a Russian invasion as very high

Market Wrap: BTC, stock tank after bids described the threat from a Russian invasion as very high

 President Joe Biden
  • The risk of Russia's invasion into Ukraine is "very high", Biden told reporters
  • biden is reportedly preparing to order a comprehensive review of cryptocurrencies
  • next week

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US President Joe Biden today said the risk of a Russian invasion in Ukraine is now "very high".

biden added: "You didn't pull off any of your troops. You pulled more troops in."

The US leader also said that there was reason to assume that Russia was involved in a so-called operation under the false flag in order to give the Russian armed forces the pretext of penetrating Ukraine. "Everything we have is that they are ready to go to Ukraine," he added.

Then he was asked when such a step would probably happen to Russia, where to answer: "In my opinion, this will happen in the next few days."

The crypto and stock markets fell due to the news, with the US Dow-Jones index suffering its worst decline so far in 2022. The sharp turnaround compared to the news at the beginning of this week that Putin was planning to withdraw troops from the border, many investors feared more down to the markets before volatility and anticipation.

Executive Order on Crypto could come next week

Sources that bidens government Prepared to issue an executive regulation on cryptocurrencies next week. The far -reaching order will instruct various agencies to examine various aspects of digital assets.

The US Ministry of Finance, the Foreign Ministry and the General Prosecutor's Office should examine CBDCs (digital central bank currencies). The Financial Stability Oversight Council will check the stability of crypto. The Consumer Financial Protection Bureau is intended to investigate how Krypto can affect the market competition, and the SEC and the CFTC should deal with market protection.

If such a comprehensive executive regulation comes into play, it will speed up the process of crypto regulation in the United States. Some investors welcome the crypto regulation and see a ripening step in it, while many fear that these various authorities will be overgrown with the industry.

The combination of regulatory fears and the potential for conflict in Europe hit the markets hard. The S&P 500 fell by 2.14 %, while Nasdaq and Dow decreased by 2.96 % and 1.78 %. The cryptoma markets had an even worse day when Bitcoin fell by 7.3 % and ether by 7.4 % until the board.

Top stories

story: The FBI doubles with a new unit for crypto crimes

  • federal investigators now have their own department to examine blockchain-based crimes
  • The unity is formed because the bid administration is expected to issue a implementing regulations on cryptocurrencies next week

Story: Andrew Yang turns to dao

in Web3 Lobbying Push
  • Andrew Yang said that web3 technologies are "the most profound opportunity to combat poverty".
  • Membership in the Lobby3 DAO costs 0.07 ETH, during the price of becoming a “lawyer” in the community, an ETH lies

story: Melania Trump canceled "Potus NFT Collection" in the middle of controversy

  • The new collection consists of 10,000 NFTs and costs $ 50 each
  • The upcoming sale begins on February 21 - the day of the President

story: The support for Spot Bitcoin ETF increases while the agency holds the course

  • The chairman of the SEC, Gary Gensler, said his authority had to check whether a spot bitcoin ETF is designed to prevent fraudulent and manipulative actions and practices
  • Almost 100 people have so far expressed themselves in public comments compared to the SEC to the conversion of his Bitcoin Trust into an ETF
  • proposed by Grayscale Investments

go forward

When Bitcoin falls below the psychologically important level of $ 40,000-which was approaching late Thursday-this could increase the pressure on cryptocurrencies, since investors consider the prospect of a deeper slump.


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The Post Market Wrap: BTC, stock tank after Biden says that the threat is "very high" by a Russian invasion is not a financial advice.

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