While not officially confirmed, US officials seem to believe a Russian invasion is imminent. This drags down the price of Bitcoin and altcoins. Gold is among the assets that benefit from this uncertain environment.
- Crypto and stock markets have suffered significant losses in recent days amid uncertainty over the threat of a Russian invasion of Ukraine.
- Although it has not been confirmed that President Vladimir Putin ordered the invasion, Russia nevertheless gathered more than 100,000 troops on the border.
- Russian officials deny any invasion plans and accuse Western governments of spreading false information.
Cryptocurrencies and stock markets are hurting, possibly in conjunction with fears about Russia’s deployment of more than 100,000 troops on the Ukrainian border. cryptocoin.com We have compiled the details for you, let’s examine the subject together…
War threat in Ukraine: Bitcoin falls, gold rises!
Markets appear shaken by the uncertainty surrounding the threat of a possible Russian invasion. While there is no confirmation that such an invasion was ordered, US National Security Advisor Jake Sullivan said, “We are in a window where an invasion can start at any time.” Russia has more than 100,000 troops near the Ukrainian border, and the Biden Administration has urged Americans to leave Ukraine multiple times this week.
The crypto market has fallen hard in terms of overall market cap amid fears, with the two major cryptocurrencies Bitcoin and Ethereum roughly reflecting much of that loss. While the prices of safe-haven assets such as gold are rising, stock market indices are also falling. Gold price rose from $1,840 to $1,864. Bitcoin price slipped from $ 43,700 to $ 41,890. More importantly, the United States has not confirmed that Russian President Vladimir Putin has decided to invade Ukraine. But Sullivan said Russia’s current military stance in the region now puts it “in a position to launch major military action.”
What does Russia want to do?
However, there are reportedly US officials who told PBS reporter Nick Schifrin that they had reason to believe President Putin had made the decision to invade Ukraine. US Secretary of State Antony Blinken also expressed concern over the “troubling signs of a Russian escalation”, saying an invasion “could happen at any time”. Yesterday, diplomats from Russia, Ukraine, Germany and France joined the nine-hour discussion in Berlin.
Russian Foreign Minister Sergey Lavrov accused Western politicians of over exaggerating the situation and described concerns about the build-up of Russian troops as “pure propaganda”. Russian officials deny that it is planning any invasion, insisting instead that it has implemented “red lines” to ensure Ukraine does not join NATO. British Prime Minister Boris Johnson described the situation in Russia and Ukraine as the “most dangerous moment” Europe has faced in decades.
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