As Russia expanded its attacks in Ukraine, the prices of Bitcoin, Ethereum, and other major cryptocurrencies plummeted, dampening investor optimism.
This follows the greatest trading day for Bitcoin and other cryptocurrencies in April. The price of bitcoin was hovering slightly around the $40,000 threshold. The world’s most valuable cryptocurrency, however, was down 2.77 percent to $40,044.
Ethereum, the world’s second most valuable cryptocurrency by market value, fell 2.84 percent to $3,020. The price of XRP increased by 5.17 percent, Stellar increased by 3.12 percent, Dodgecoin increased by 4.40 percent, and TerraUSD increased by 0.05 percent.
Terra was down almost 8%, Solana was down nearly 4%, Cardano was down 2.28 percent, Avalanche was down 3.49 percent, Polkadot was down 0.43 percent, Shiba Inu was down 1%, Chainlink was down 1.54 percent, Polygon was down 2.78 percent, and Wrapped Bitcoin was down 2.90 percent.