Today, the global market cap for cryptocurrencies has reached $ 1.66 trillion, down 7.9 percent in the last 24 hours.
Cryptocurrency prices hit today: Cryptocurrencies fell on Thursday as Bitcoin prices hit a one-month low following the Russian president’s decision to launch a military operation in Eastern Europe. The world’s largest and most popular cryptocurrency fell nearly 10 percent to $ 34,618. Today, the global market cap for cryptocurrencies has reached পর্যায়ে 1.66 trillion, down 7.9 percent in the last 24 hours.
Pushing the announcement of Putin’s attack
Global markets are witnessing a sharp decline after Russian President Vladimir Putin announced the launch of a military operation in Ukraine. At the same time, Putin warned other countries that any intervention in Russia would have “terrible consequences.”
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Ukraine’s Foreign Minister Dmitry Kuleba tweeted that the country’s larger neighbor had “launched a full-scale attack on Ukraine” and that its cities had come under attack.
All cryptocurrencies, including ether, are down 15%
Ether, the second-largest currency by currency and market capitalization associated with the Ethereum blockchain, fell nearly 10 percent to 2,373. Also, the price of Dogecoin remained at $ 0.11 with a weakness of 12 percent, while the Shiba Inu fell about 10 percent to 00 0.000022. On the other hand, prices of Solana, XRP, Terra, Avalanche, Stellar, Cardano, Polygon, Polcadot and other currencies have fallen between 8% and 15%.
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Gold got support
The fall of Bitcoin as geopolitical tensions have increased in recent weeks has shattered the argument that cryptocurrencies are good hedges at difficult times. However, on Thursday, gold, traditionally considered a safe haven, reached its highest level since 2021.