Crypto Prices plunge amid war threats

Amid the rising tensions between Russia and Ukraine, Crypto prices have plunged globally. There has been a massive mass sell-off in the crypto market. A few days back, POTUS Joe Biden said that the President of Russia, Vladimir Putin has decided to start the war against its neighbor- Ukraine. After this, there were reports that the eastern town of Ukraine- Donetsk has suffered shelling and explosions. This led to a panic in the crypto market and Bitcoin fell by more than 4% and Ethereum by more than 3%. the market dropped 4.18% over the previous 24 hours. According to coin base. BuyUcoin CEO Shivam Thakral said: “The current dip in the crypto market can be seen as a knee-jerk reaction to the growing tension between Ukraine and Russia. If there was a war between the two biggest crypto hubs in the world, it could shoot up the Bitcoin hash rate, and this fear is keeping the crypto market on its toes. If we look at the overall picture, we have seen some promising developments recently, like the crypto-focused Super Bowl and NYSE filing a trademark to become a financial exchange for NFT (non-fungible token) and crypto trading.”