The Bitcoin Plunges 9% as Missiles Strike Kyiv

February 24, 2022

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Bitcoin, the world’s largest cryptocurrency by market capitalization resumed falling as global markets responded with alarm to the broadening scale of war in Ukraine. The missiles proceed to fall on its capital city in Kyiv. When the sun started to rise in Ukraine, the Russian troop launched projectiles around several regions of the nation, affecting the capital of Kyiv and the town of Kharkiv. Bitcoin plummeted 9% to $34,555 during the time of writing. Russian President, Vladimir Putin called on Ukrainian troops to withdraw and instructed the U.S. and NATO from getting entangled.

Putin said that anyone who attempts to intervene with Russia to develop risks for the country must learn that Russia’s answer will be sudden and will direct to such outcomes. Putin said that they are ready for any turn of incidents. The US and its confederates are anticipated to strike Russia with a vast sanction package in the future hours. Russia’s past Prime Minister, Dmitry Medvedev, has recently said that isolating Russia from SWIFT would be an announcement of war. Russia has nudged along with the improvement of a central bank digital currency as an obvious contingency should it lose access to SWIFT.

In Asia market outcome was careful but major stock indices In Asia are in the red. Tokyo’s Nikkei 225 index is below 2%, while Hong Kong’s Hang Seng is below 3.3%. In Taiwan, the TAIEX is below 2.5% while Singapore’s Straits Times Index is below 3%. Fortunes for the Dow Jones were below 2%, while fortunes for the S&P 500 were down 2%. CNN has reported that Moscow’s stock exchange has cancelled trading until further attention.

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