Bitcoin drops to $35,000 after the start of Russian military moves in Ukraine

Bitcoin drops to $35,000 after the start of Russian military moves in Ukraine

The prices of most cryptocurrencies collapsed today, Thursday, February 24, 2022, following the launch of the Russian invasion of eastern Ukraine.

The market value of the cryptocurrency tumbled during early trading today, Thursday, to 1.56 trillion dollars, with a trading volume in the last 24 hours, which recorded about 102.94 billion dollars.

The number of digital currencies reached 10,749 coins.

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Bitcoin has lost more than 50% of its value since its record high in November.

Bitcoin's drop since its November peak has wiped out more than $600 billion from its market capitalization, and lost more than $1 trillion from the overall crypto market.

Today, Russian President Vladimir Putin announced a military operation in Ukraine in defense of pro-Moscow separatists in the east of that country.

"I have made the decision to launch a military operation," Putin said in an unannounced televised speech before 3:00 GMT, once again denouncing the "genocide" orchestrated by Ukraine in the east of the country, based on the separatists' overnight appeal for help and the hostile NATO policy towards Russia, which constitutes Ukraine. her opinionated tool.

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He addressed directly to the Ukrainian military, saying, "I invite you to lay down your arms," ​​stressing that then they will be able to "leave the battlefield without hindrance."

Cryptocurrency rates today

Bitcoin BTC fell by 8.892% to $34,720.89.

The price of the Ethereum coin (ETH) plunged 12.57% to $2,331.50.

The price of the Binance coin BNB collapsed by 11% to reach $334.

The price of the cardano ADA coin fell by 15.34% to record $0.775721.

The price of XRP fell by 11.88% to $0.635420.

The Polkadot DOT coin fell by 13.45% to $4.55.

The price of the DOGE coin (Dogecoin) decreased by 15% to $0.113690.

The price of the Litecoin (LTC) currency decreased by 12.28% to reach $95.01.

The Chainlink LINK coin price fell 15.74% to $11.87.

Russia's invasion of Ukraine

At dawn on Thursday, Russia launched a comprehensive military operation on Ukrainian territory, 3 days after its recognition of the independence of the Donetsk and Luhansk regions in eastern Ukraine, despite international warnings of strong reactions if such a step was taken.

Then, explosions were heard in several Ukrainian cities, including the capital, Kiev, near the front line and along the country's coasts, and then ambulance sirens sounded in large parts of the country.

In a televised speech, Putin authorized a special military operation in Donbass, warning that in the event of foreign intervention, Russia would respond immediately, stressing that Russia's actions are for self-defense from threats and greater problems than those that exist today.

On Thursday, Ukraine closed its airspace to civilian aircraft, while Ukrainian Foreign Minister Dmytro Kuleba wrote on Twitter that his country was facing a "total invasion".

Ukrainian President Volodymyr Zelensky urged his citizens to stay in their homes as much as possible, saying: "We are strong, we are ready for everything and we will win."

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