Market Wrap: Crypto, stocks continue to fall after Putin sends troops to Ukraine

Von Krypto News Österreich

Bank of Russia
  • Russia recognized two separatist regions in Ukraine as independent nations
  • The increasing geopolitical uncertainty pressed the markets further down

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This step has increased the fears that a wider Russian invasion in Ukraine is imminent. The United States and a number of other nations have imposed severe sanctions against Russia to prevent further progress.

In addition to sanctions, Biden = the USA would continue to help Ukraine and NATO.

"In the meantime, the USA will continue to provide defense aid and continue to strengthen and calm our NATO allies," he said. biden called . "In response to Russia's admission that it will not be deducted from Belarus, I have now approved additional movements of US armed forces and equipment that are already stationed in Europe to strengthen our Baltic allies."

biden added: "Let me make it clear that we are completely defensive. We do not have the intention of fighting against Russia."

The increasing geopolitical turbulence between Russia, Ukraine and NATO did not do the markets well. The S&P 500 ended the day with a minus of over 1 %. Nasdaq and Dow also fell and fell by almost 1 % and 1.42 %.

Bitcoin, ether and other cryptos also ended the day in the minus. Bitcoin fell by over 0.70 % until the end of the stock markets, while Ether recorded a decrease of 1.70 %. Some old coins, such as XRP, suffered large burglaries and fell by almost 7 %.

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go forward

The situation in Ukraine will continue to play a major role in the daily market movements. The inflation reports due on Friday and the crypto Executive Order will contribute to the market uncertainty, which are rumored to come out of this week. Investors should adjust to strong volatility in the short to medium term.

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The post "Market Wrap: crypto, stocks continue to fall after Putin sends troops to Ukraine" is not a financial advice.