Geopolitical Tensions Threaten Crypto Market as Russia Promises Retaliation Against Ukraine
Geopolitical tensions are again rising as conflicts between several countries, including Russia and Ukraine, escalate. This puts the crypto market at risk, considering how Bitcoin and other crypto assets have reacted in the past to such heightened tensions.
Russia-Ukraine Conflict Escalates, Putting Crypto Market On Edge
The U.S.-proposed ceasefire between Russia and Ukraine looks to have hit a roadblock following Russia’s accusation that Ukraine had used drones to attack Putin’s presidential residence in Novgorod. In response, Russia has vowed to retaliate against Ukraine and has stated that it is reviewing its stance on the peace negotiations.
Ukraine’s President Volodymyr Zelenskiy has denied the allegation, describing it as a…
