Maximum tension between Russia and Ukraine impacts bitcoin

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By Berto R

  • Investors do not like chaos and confusing scenarios.

  • Bitcoin, cryptocurrencies and other volatile assets have price drops.

When bitcoin (BTC) seemed about to reach $100,000 for the first time in its history, news about the war between Russia and Ukraine began to set off alarm bells worldwide.

During the current day, Ukraine reported having been attacked with an intercontinental ballistic missile launched by Russia.

Unidentified “Western” officials assured the Reuters agency that the information about the type of weapons was false, but, in any case, the United States expanded sanctions against Vladimir Putin’s government. According to a US official (who is also not identified by name) it was an intermediate range ballistic missile.

While all this was happening, the Russian ambassador to the United Kingdom, Andrei Kelin, assured that “Great Britain and the United Kingdom are now directly involved in the war.” Their argument was that the strikes Ukraine provided to Russia this week “could not have occurred without NATO personnel, including British personnel.”

How will all this end? It is difficult to predict, and the financial market does not like uncertainty. That’s why The price of volatile assets—including bitcoin—is being affected.

As can be seen in the chart below, BTC is moving slightly away from the $100,000 mark that just a few hours ago it seemed destined to reach.

Bitcoin (BTC) price since November 18. Source: TradingView.

Also the S&P500 and other stock indices have red numbers.

[NOTICIA EN DESARROLLO].

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