Bitcoin and other crypto crash Amid Russia – Ukraine War

On Thursday (February 24th,2022), the old and most valuable cryptocurrency Bitcoin slumped to a one-month low after Russia declares military operation in Ukraine. According to the sources, Bitcoin fell by as much as 7.9 % to $34,324, its lowest since January 24.

Other cryptocurrencies typically moving with Bitcoin also fell with Ethereum losing as much as 10.8% percent.

Other digital currencies also felt the heat, ‘Avalanch’e slipped 10.5% to $68.20, while Solana suffered a 10% loss dropping  $79.07. Among meme coins, Dogecoin fell 11.7% while its Rival Shiba Inu fell 9.1%.

The market of cryptocurrency is currently valued at $1.66 trillion, down to $1.4 trillion from its value in November of $3.01 trillion.

According to the report of Coinmarketcap,  more than $ 150 billion has been wiped off the entire cryptocurrency market in the last 24 hours.

Russia launched and all out invasion of Ukrain by land, air, and sea. It is one of the biggest attack since World war 2. The situation creates chaos and fear of West people.

Joe Biden the president of United States announced that, the USA will impose sever sanction on Russia after the attacks.