Crypto Prices continues to fall amid tension between Russia and Ukraine

Cryptocurrency prices plunged today as well after things between Russia and Ukraine got escalated in the last couple of days. Russian President Vladimir Putin announced war on Ukraine and decided to invade its neighbor. As a result, it sent a wave of shock and panic around the world. Most of the stocks at the share markets are continuously trading in Red. Cryptocurrency also took a massive hit as it is continuously witnessing massive mass panic sell-off. Bitcoin fell by 8% and is currently trading under $35,000. Ethereum also saw a drop of 10% and is trading around $2,400. Other cryptos such as Dogecoin, Shiba Inu also witness a decline of double-digit in their prices. Edul Patel, CEO and Co-founder, of Mudrex said: "The global trading volume fell by nearly 191 percent in the past 24 hours. Bitcoin, Ethereum, and other major altcoins are running in red after Russia declares war against Ukraine”. When asked what is expected to happen in the crypto market in the coming days, Mr. Patel said: "The situation may have a sound impact on the crypto market going down for a few weeks. Cryptocurrencies have been witnessing the effect of war tensions between Russia and Ukraine for the past few weeks causing high volatility in the market. This crucial step is not only going to impact the cryptocurrencies but also the significant equities in the financial market.”