Russia’s Ukraine The invasion has certainly changed the entire economic stance, and the cryptocurrency industry has had its fair share of it.
Leading cryptocurrency bitcoin‘of (BTC) Although there are many predictions about how this war will be affected, none of them have been 100% consistent. In retrospect, the winners of this war have already begun to emerge.
BTC’s Rise Is Over!
Bitcoin (BTC), Although it has lost 6% in total on the 30-day chart, it is seen that the loss is much higher when looking at the lows and peaks of the 30 days.
BTC has lost about 12% after reaching the highest point since the start of the war at $ 45,500, and it is not known whether this loss will continue.
The fact that BTC, which was attributed as a safe-haven asset, fell in this way when the war broke out, led investors to gold and other assets again.
Looking at what has happened since the beginning of March, the winner was definitely Nickel.
Nickel, in a short time, especially with Russia holding most of the reserves. 160% achieved a rise. Nickel achieved a record rise even in a single day, reaching over $100,000 per tonne price.
The tonne of nickel exceeded $100,000. Market compression from yesterday continues. The frightening thing is that zinc also jumped up 15% all of a sudden. Aluminum and copper are calmer, about 3% higher. The bottom chart is not a cryptocurrency chart. An industrial mine. #metals #nickel pic.twitter.com/1NgAUDlgVl
— Dr. Tolga Uysal (@ETolgaUysal) March 8, 2022
After nickel, wheat, which was directly affected by the war, comes next. in the stock markets tons of wheat price since the beginning of the month 43% achieved a rise.
Wheat is followed by barrel oil with 26%. The continuation of the barrel of oil is copper with 9% and gold with 5.5%. Altcoin investors, on the other hand, have lost more than BTC when looking at the altcoin index.