Russia’s announcement of a military operation on the territory of Ukraine has noticeably hit the first cryptocurrency’s quotations. 

Bitcoin Lost Another 10% on Military Confrontation Between Russia and Ukraine

After Russian President Vladimir Putin announced the start of the military operation for the “demilitarization and denazification of Ukraine,” Bitcoin (BTC) dropped. Within three hours, the cryptocurrency lost nearly $4.500 in price. According to CoinMarketCap, as of 12:30 (GMT+2), BTC is trading at around $35.000, the daily price drop was about 10%.

Overall, the market cap has declined by almost 11%. The only altcoin from the top 100 that is not in the red zone is Anchor Protocol (ANC), which shows slight growth despite the overall situation. Total liquidations in the last 24 hours were over $463 million, Coinglass reported. Bitcoin Fear and Greed Index shows 23 points and demonstrates “extreme fear” of market participants.

Author: Evgeny Tarasov