Market Wrap: cryptos crumble after Russia bombarded a large nuclear power plant in Ukraine
Market Wrap: cryptos crumble after Russia bombarded a large nuclear power plant in Ukraine
- Russia aggressively shot at a large nuclear power plant in Ukraine and then confiscated in order to disregard a possible meltdown of the power plant
- Bitcoin, Ether and all important indices fell while gold and oil continued their march
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Saporischschja is the largest nuclear power plant in Europe and is responsible for a fifth of Ukrainian energy.
The fire has been deleted, but the workers are now operating the system with a weapon, according to Telegram messages from Petro Kotin, the head of the state nuclear power plant.
Russian armed forces "entered the area of the nuclear power plant, took control of the staff and the management of the nuclear power plant". Kotin .
The Ukrainian President Wolodymyr Selenskyj has published a video about the attacks, which is reminiscent of the notorious meltdown by Chernobyl.
"I contact all Ukrainians, to all Europeans, to everyone who knows the word 'Tschernobyl', to everyone who knows how many victims have brought this explosion of nuclear power," said Selenskyj called . "Russia wants to experience it again."
The markets fell strongly when the news spread, with the S&P 500 declining by 0.81 % and the Nasdaq and Dow by 1.92 % and 1.09 %.
The cryptoma markets were hit even worse when Bitcoin broke up by over 7 % and ether closely fell to 8 % until the end of stock trading times.
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go forward
Bitcoin briefly joined gold and other safe ports this week than the Ukraine crisis increased and the sanctions against Russia prompted the population to lose ruble for other assets. But the second half of the week showed the opposite when Bitcoin tended upwards with stocks and safe ports like gold.
The markets are likely to remain very volatile, as the Fed session is getting closer in mid-March and the conflict in Ukraine increases.
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The Post Market Wrap: Cryptos Crumble After Russia Bombs Major Ukraine Nuclear Power Plant is not a financial advice.