TipRanks
2022-02-24 15:12:32

This Week in Crypto: Geopolitical Tensions Cause Sell-Off

The bloodbath continues across the broader crypto market as Russia invades Ukraine. Overall trading volume has dropped sharply, leading to a significant decrease in the global crypto market cap. Bitcoin Continues Its Downward Spiral Bitcoin (BTC) plunged by more than 15% in the past seven days amid the increasing tension between Russia and Ukraine. With Putin announcing a "special military operation," both crypto and stock markets have dropped sharply. Today's early morning missile attacks across several areas of Ukraine have impacted trader sentiment negatively, thus creating an extremely unpredictable and volatile market.

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