After Russian President, Vladamir Putin announced a “special military operation” in Ukraine global markets have tanked.
The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.
The Bitcoin (BTC) price has dropped 7.26% and Ethereum (ETH) dropped 9.48% today according to CoinMarketCap. The overall crypto market cap has dropped 8.25% to $1.58 trillion.
The Communities Reactions
Ethereum founder Vitalik Buterin, born and raised in Russia, tweeted in Russian that roughly translates to
“Very upset by Putin’s decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.”
He added later in English: “Reminder: Ethereum is neutral, but I am not.”
Altcoin Sherpa, an advisor to Atlas DEX tweeted that “in these situations and it’s not all about the market.”