{"id":483938,"date":"2022-02-17T13:07:39","date_gmt":"2022-02-17T13:07:39","guid":{"rendered":"https:\/\/wncen.com\/?p=483938"},"modified":"2024-06-11T14:11:37","modified_gmt":"2024-06-11T14:11:37","slug":"how-fears-of-a-possible-russian-invasion-of-ukraine-is-impacting-bitcoin","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/how-fears-of-a-possible-russian-invasion-of-ukraine-is-impacting-bitcoin\/","title":{"rendered":"How Fears Of A Possible Russian Invasion Of Ukraine Is Impacting Bitcoin"},"content":{"rendered":"
Bitcoin price, in the face of a possible Russian invasion of Ukraine, is shedding 0.7% of its value and is currently trading at $43,352 on Coingecko charts Thursday, retreating from the $47,000 level it hit on January 1.<\/p>\n
Ethereum (ETH), the second most popular cryptocurrency also, is also down 2.14% to $2,873.<\/p>\n
The world\u2019s most valuable cryptocurrencies are on the decline Thursday as news of a possible military action by Russia on Ukraine sends markets into a tailspin.<\/p>\n
Bitcoin is losing 3% of its value as Western jitters about Russian aggression on its neighbor Ukraine have grown higher, and worse than the Nasdaq Composite index\u2019s 0.9% drop last December.<\/p>\n
Even though Russia is amassing more than 100,000 troops near the Ukrainian border, some investors refer to the relative calmness of trading during this period of escalating geopolitical tensions.<\/p>\n
Russia rejects western warnings of an invasion as \u201chypocrisy.\u201d<\/p>\n
According to BuyBitcoinWorldwide\u2019s volatility index, Bitcoin\u2019s current 30-day volatility is losing 3.35% of its value; it averages 4.56% back in 2021, although it still has not given up all of its gains from lows of $32,950 two weeks ago.<\/p>\n
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BTC total market cap at $817.952 billion in the daily chart | Source:\u00a0 TradingView.com<\/a><\/pre>\nRussia-Ukraine Frictions And Its Impact On Crypto<\/h2>\n
According to reports, United States President Joe Biden held an hour-long chat with Ukrainian President Volodymyr Zelensky on Monday to discuss the ongoing tensions.<\/p>\n
For his part, US national security adviser Jake Sullivan reiterated his warning of a possible invasion.<\/p>\n
Bitcoin and Ethereum fell over 9% to its lowest level in six months as fears of a Russian strike on Ukraine grew.<\/p>\n
Globally, the market suffered a drop that extended sell-offs between many investors.<\/p>\n