Over the past 24 hours, the capitalization of the cryptocurrency market has decreased by almost 4%, by about $100 billion. Analysts attribute the fall to military operations in Ukraine.
According to the publication Decrypt, the market capitalization of the crypto industry fell by almost 4% in a day (about $98 billion). Bitcoin also lost 4% in price, from $44,000 to $41,000. The price of Ether fell by 5%, despite the fact that on Thursday afternoon the price of it jumped to $3,000. Today, ETH is trading around $2,700.
Prices for other cryptocurrencies have also declined over the past 24 hours. Solana is down 6.8% and is now trading just above $92. Polkadot and Avalanche, the so-called “ether killers”, lost about 3.5% each over the past day.
The fall is associated with the events in Ukraine, as well as calls for cryptocurrency exchanges to block user accounts from Russia. Former presidential candidate Hillary Clinton said she was disappointed with crypto exchanges that refused to ban access to Russian users.
As far as is known, the crypto exchanges Kraken, Binance and Coinbase have so far refused to block clients from Russia, stating that there are no legal grounds for this. However, some exchanges have announced that they will comply with the sanctions if they affect certain individuals.
Recall that earlier the LocalBitcoins cryptocurrency exchange announced that it would cancel the commission for users from Ukraine, regardless of the country in which they are located.
Source: Bits
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