It's not just crypto market that has weaken or lost so much value in the last 24 hours, even the stock market crashes today due to the news of the looming war in Russia.
So that's worrisome for the majority and perhaps it trigger another sell-off in the market. On the other hand, maybe Russians and Ukrainians will see the potential of hedging their wealth on crypto. So we will see if there will be lingering effects in the next two days.
The price correction made due to the war between Russia and Ukraine actually made bitcoin grow faster.
At first we all thought we were still entering a bear market, but since the opening of donations for the country of Ukraine and
the news that Russia will enter cryptocurrency to solve economic problems have actually made bitcoin stable and stagnant at $44k.
Over time, these war incidents actually benefited cryptocurrencies after the correction at the beginning of the war days,
because we will see two big countries will really rely on cryptocurrencies as a way to solve their financial problems.