Ukraine Financial News

Bitcoin and other cryptocurrencies plunged again on Monday as investors sold risky assets due to the deepening Ukraine crisis. The global cryptocurrency market capitalisation stood at $1.77 trillion, as per Coingecko.

An invasion of Ukraine was Russian President Vladimir Putin's plan "all along", the US's top diplomat said, calling off a scheduled meeting with his Russian counterpart.

The cryptocurrency market has had a less than stellar start to the year and it appears that the downtrend that began after the November 2021 market peak has been extended thanks to a multitude of negative developments, including the expectation of rising interest rates and the threat of a war between Russia and Ukraine. 

U.S. stock market futures were modestly higher in overnight trading Tuesday after the S&P 500 closed in correction territory amid escalating tensions between Russia and Ukraine.

US President Joe Biden announced the US was ordering heavy financial sanctions against Russian banks and oligarchs on Tuesday, declaring that Moscow had flagrantly violated international law by invading Ukraine.

The European Union is ready and "well prepared" to take in refugees fleeing Ukraine, Ylva Johansson, the European Commissioner for home affairs, told Euronews.

The ongoing tensions between Russia and Ukraine continue to be the dominant news story on Feb. 22 as Bitcoin (BTC) and the wider global financial tremble under the pressure as the world awaits some form of resolution to the matter. 

International firms with offices in Ukraine are dusting off contingency plans in case of a full Russian invasion.

Bitcoin (BTC) and other major cryptoassets still follow the stock market as investors are now assessing Russia's aggression towards Ukraine and the impact of Western sanctions on Russia. 

Bitcoin, the largest cryptocurrency dropped to a more than two-week low given the fears of a possible Russian invasion of Ukraine. Some predicted that the flagship cryptocurrency could slide toward the key $30,000 level. Bitcoin on-chain analysis highlighted a few concerns related to the selling pressure.

Bitcoin (BTC) recovered to $38,000 as Wall Street opened on Feb. 22 amid a tense atmosphere over geopolitical instability. 

The geopolitical tremors caused by Russia invading Ukraine are a test of whether cryptoassets have become as normalised as other investments.

Bitcoin and other cryptocurrencies were under pressure on 21 February as investors continued to shun risk-sensitive assets in the face of geopolitical tensions.

Fund managers are bracing themselves for the prospect of prolonged tension between Russia and the Ukraine, with some predicting the crisis will spark military conflict — a scenario that could stifle economic growth in the West and spur even higher inflation.

UK Prime Minister Boris Johnson has slapped sanctions on five Russian banks and three high-net-worth individuals, as part of the “first tranche” of sanctions against the country following its movement of troops into two breakaway Ukrainian regions.

German Chancellor Olaf Scholz announced that he has ordered the withdrawal of a key document needed for the certification of the Nord Stream 2 pipeline.

Shortly after Russian President Vladimir Putin announced he would recognise two separatist regions in Eastern Ukraine, people on the streets of Kyiv responded to the news in shock and fear.

The US and its European allies are set to announce tough new sanctions against Russia after President Vladimir Putin formally recognised two breakaway regions in eastern Ukraine and ordered the deployment of troops there.

Bitcoin and other cryptocurrencies tumbled on 22 February as investors fled risk-sensitive assets after Russian President Vladimir Putin ordered troops into Ukraine.

Bitcoin dropped to a more than two-week low as fears of a possible Russian invasion of Ukraine prompted some analysts to predict the largest cryptocurrency could slide toward the key $30,000 level. Bitcoin dropped for a sixth straight day, touching a low of $36,372 on Tuesday after Russian President Vladimir Putin said he’s recognizing two self-proclaimed separatist republics in eastern Ukraine and ordering troops there. Other cryptocurrencies also declined, with Ether off as much as 2.9% and XRP down as much as 6.7%. Bitcoin dipped below $40,000 level over the weekend and kept weakening as the Ukraine crisis deepened, undermining the argument that cryptocurrencies are a haven in times of geopolitical turmoil. At the same time, gold has reached its highest level since June.

Dogecoin and Shiba Inu dropped 10 per cent each. Bitcoin and Ethereum fell 5 per cent each. The global crypto market cap tumbled as much as 6 per cent to $1.67 trillion mark. On the contrary, the total crypto market volume jumped rallied more than 43 per cent to $101.33 billion.What's Cooking in India?The prime architect of India’s biometrics-based unique identity programme, Nandan Nilekani, feels that the proposed digital rupee should remain 'anonymous'. In a conversation with ET, the Infosys co-founder said concerns about surveillance will arise if all payment transactions are recorded and are visible. He adds that stablecoins can easily become un-stablecoins if there is a run on that currency.