Market Wrap: crypto, stocks continue to slide because investors keep an eye on the tensions between Russia and Ukraine

Market Wrap: crypto, stocks continue to slide because investors keep an eye on the tensions between Russia and Ukraine

 Bank of Russia
  • Belarus will join Russia in military exercises along the Ukrainian border
  • Putin said the exercises were "purely defensive in nature", although the investors apparently sell or stay on the sidelines

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stock and cryptomarkers extended their downturn on Friday, when the prospects for a war between Russia and Ukraine increased.

The Russian President Vladimir Putin and the Belarusian head of state Alexander Lukaschenko revealed a plan for joint military exercises along the Ukrainian The latest signs of aggression in the eyes of the USA.

All indices and large cryptos fell in the news, with the S&P 500 declining by 0.72 % and the Nasdaq by 1.14 %.

Putin claims that the exercises are not a threat and calls them "pure defense character". The exercises are already underway, and the Russian guide said that "one of the most serious events in this complex of military cooperation" is scheduled for Saturday.

"These exercises are purely defensive in nature and do not threaten anyone."

The Dow and Russell 2000 also suffered losses and fell by 0.68 % and 0.92 %. Bitcoin and Ether extended the big losses on Thursday, when Bitcoin collapsed by a further 1.11 % and Ether by 3.21 % until the board.

Top stories

story: Officials of the Federal Reserve is banned.

  • The new restrictions will come into force on May 1st
  • The Fed consider the creation of a digital central bank currency

Story: Funding Roundup: Capital and Fund continues to start in crypto

  • On Friday, the MultiChain network scale focused on Ethereum set up a 100 million dollar subsidy program to finance the future of the blockchain-based game
  • The big funds that have been announced this week are an ecosystem fund of $ 205 million for The Graph and the new Sequoia Capital crypto partial fund for up to $ 600 million

Story: Ethereum Multi-Chain network Skale provides $ 100 million for blockchain gaming

  • The ecosystem program is started together with Skale V2 or scale
  • The network aims to bring billions of users on board and focus on NFTS, DEFI and Web3

story: Ukraine passes a law on legalizing crypto as a threat to war weaving chairs

  • Ukraine has passed a changed crypto law that officially recognizes the resulting asset
  • A legal market will be set up and there will be a formal regulatory authority to monitor and control crypto

go forward

Investors should prepare for great volatility in the near future, since the current conflict between Russia, Ukraine and NATO develops. The market tips are likely to be reinforced by the next steps of the Federal Reserve for interest rate increases.


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