Bitcoin price drops with rumors of an impending war between Russia and Ukraine. The tension also includes the US and NATO against the Russian occupation. As Kriptokoin.com, we report developments and changes in price…
The tension between Ukraine and Russia has reached its peak
The problems between the countries have escalated in recent months, but this Friday they reached their peak. A US secretary announced that after Ukraine sent F-15 warplanes to the region, Russia could invade Ukraine at any time. Neighboring countries have seen Russia reinforce its borders with soldiers, despite Putin’s thoughts of not invading his neighbour.
Embassies began banning travel to the region, asking citizens of Japan and the United States to leave Ukraine immediately. South Korea has also issued a warning against visiting both the countries in question and other European countries such as the UK. The spark came as White House national security adviser Jake Sullivan warned Friday afternoon that Russia could attack Ukraine at “any moment.”
Bitcoin price and other assets changed
US stocks fell; Oil futures rose 4.47 percent to a seven-year high, with crude reaching $100 a barrel. Buying interest in traditional safe-haven assets boosted gold, the US dollar and the Japanese yen. Bitcoin reacted to this situation with a 3% drop in the last 24 hours and is trading at $ 42,178. In the last 24 hours, BNB has dropped 3 percent, XRP 6.8 percent, ADA 7.9 percent and SOL 9.5 percent. Ethereum settled below $3,000 and is changing hands at $2,923.
24-hour BTC chart Of course, it’s unclear whether or how big a war will break out in the region, but this assumption has led investors to look for a store of value. Peter Schiff, who is known for his adoration for gold and his hostility to BTC, said that only gold is a safe haven, as Bitcoin plummeted after rumors of Russia’s invasion of Ukraine. Right now, the entire market is closely following the Bitcoin drop.
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