The situation on the Russian-Ukrainian border escalated on Thursday morning, and in response, major asset classes around the world, including cryptocurrencies, plummeted. On the contrary, gold prices have risen sharply and oil prices are also rising. Observers began calling the conflict a "war." Moscow has suspended trading on Russian stock markets and world stock markets are currently collapsing as the specter of war becomes a reality.
Bitcoin is currently trading at $ 35,296, a daily decline of 8.85%, although it has recently climbed to $ 39,000. Ethereum, on the other hand, bounced back to $ 2,323 after losing 12.68% of its value. Other cryptocurrencies such as Cardano, XRP, LINK, NEAR, DOGE and AVAX were the most affected, losing over 15% in less than 5 hours. The global market capitalization of cryptocurrencies has also declined by 10.1% over the past 24 hours to $ 1.6 trillion.
Commodity prices, on the other hand, are rising sharply. In the last two weeks or so, a troy ounce of gold has risen in price by almost CZK 5,000. The price of natural gas is skyrocketing. It is up to you what it pays to invest now. However, cryptocurrencies are very endangered and do not appear to be climbing in the near future. It all depends on the war situation, how it escalates and how long it lasts.
