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Topic: The state of Bitcoin during the war between Russia and Ukraine - page 2. (Read 302 times)

full member
Activity: 2142
Merit: 183
I notice that bitcoin and other cryptocurrencies first fall in price if something negative happens, and then the market gradually recovers. This was especially clear when the coronavirus pandemic was officially announced. Now bitcoin has dropped slightly again, its price is $37,827. But for sure this is no longer connected with the events taking place in Ukraine.
Now the Ukrainians are massively showing miracles of heroism, destroying and grinding the manpower and equipment of the occupiers under difficult conditions. It is the fifth day of defense and the Putin regime has not been able to achieve significant success in any direction. Yes, sometimes small settlements change hands in fierce battles, but the Russians were never able to take a single large city and not a single regional center (there are 24 of them in Ukraine). Ukrainians make "Molotov cocktails" in an artisanal way, and even civilians, including women, throw and destroy Russia's vaunted armored power with them on the outskirts of cities. Therefore, the Russians are already afraid to enter the cities.
Ukraine will definitely win
newbie
Activity: 14
Merit: 1
Russia and Ukraine are at war. That is why the Russia-Ukraine war. President Vladimir Putin announced the military operation shortly before 8 a.m. Thursday (February 24) local time in Russia. Soon after, Russian troops were ready to launch a military operation in southern Ukraine. Since then, war has started between the two countries.
At that time they were working on bitcoin due to various restrictions of westerners.
After the shelling during the war between Russia and Ukraine, it has been seen that Bitcoin is declining by 5-6 thousand dollars while others are recovering to donate a lot of BTC.
Bankruptcy in Russia in the face of sanctions.
Russia's central bank has been facing sanctions from the West since the start of the campaign in Ukraine. More sanctions are coming. Many customers are trying to withdraw money in advance for fear of creating financial crisis in the banks. The country's central bank has urged people to remain calm in such a situation.
Russia's central bank said in a statement that the Bank of Russia had enough resources and equipment to ensure Russia's economic stability and the financial sector remained operational.
Russia launched an attack on Ukraine on 24 February. The European Union (EU), the United States, the United Kingdom and Canada announced the seizure of Russian central bank assets in various European countries on Saturday. At present, the bank has a reserve of about 630 billion (63 trillion) US dollars. Billions of dollars) reserves.
Due to the Western sanctions, the Bank of Russia will not be able to sell assets abroad to help its banks and institutions. The United States, the European Union and other Western nations have also announced that Russian banks will be removed from Swift, the international financial exchange system.
Analysts believe that the markets will be open from Monday after the end of the weekly holiday on Sunday. Then the Russian currency ruble will fall in the market. As a result, the country's citizens will be more crowded to withdraw money from banks.
Clay Lowry, executive vice president of the Institute of International Finance, said the new sanctions would cause serious damage to Russia's economy and banking system. Sanctions will exacerbate the country's financial crisis.

Russia is shutting down Western airspace where everything is being cut off from them they are fighting BTC and working with BTC to legalize the country because where their central bank is closed they are working to legalize Bitcoin in the country as an alternative to Takhra instead of currency. Can use bitcoin.
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