Mumbai: Cryptocurrencies crashed as the threat of Russia invading Ukraine escalated amid border skirmishes, resulting in the crypto investor community offloading their risky digital assets to protect portfolios against further price drops.
On Friday, US President Joe Biden said that Russian President Vladimir Putin had decided to invade Ukraine, and that a military strike could happen in days. And yesterday Putin signed a document accepting Lugansk and Donetsk as a separate independent cities. It affected the rate of Russian rouble a lot.
So, it means that Bitcoin will continue falling or there are chances for its soon improvement?
Moreover, does that mean that privacy coins like Crypton from Utopia p2p will gain more interest?
