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Learning & News => News related to Crypto => Topic started by: newshunter on February 25, 2022, 01:03:21 AM

Title: Bitcoin dips 12% as Russian ruble hits all-time low against USD on Ukraine ‘military operation’
Post by: newshunter on February 25, 2022, 01:03:21 AM
Bitcoin dips 12% as Russian ruble hits all-time low against USD on Ukraine ‘military operation’

The ruble crashes past 87 to the dollar early on Thursday as events in Ukraine take a turn for the worst and Bitcoin’s price tanks.


Source: Bitcoin dips 12% as Russian ruble hits all-time low against USD on Ukraine ‘military operation’ (https://cointelegraph.com/news/bitcoin-dips-12-as-russian-ruble-hits-all-time-low-against-usd-on-ukraine-military-operation)

Would appreciate your opinion about this
Title: Re: Bitcoin dips 12% as Russian ruble hits all-time low against USD on Ukraine ‘military operation’
Post by: Fenix on February 27, 2022, 07:19:35 PM
There is confidence that the Russian ruble will continue to fall. The civilized world is introducing "hellish" economic sanctions against Russia, which can very quickly lay down the Russian economy. Although the complete disconnection of Russia from the international payment system SWIFT is not possible due to disagreements on this issue between states, SWIFT is planned to be disconnected in relation to only some Russian banks, but other measures taken are enough to paralyze finances and the Russian economy.
This will manifest itself in the near future, and therefore hard times await Russia, and the criminal Putin regime has led it to this.
Title: Re: Bitcoin dips 12% as Russian ruble hits all-time low against USD on Ukraine ‘military operation’
Post by: Senin on February 28, 2022, 10:36:08 PM
Bitcoin is not connected to the Russian financial system and therefore it is now growing in price, unlike the Russian economy and its national currency - the ruble.
Thus, on February 28, the dollar exchange rate rose by 32% to 110 rubles per dollar. Later, the rate dropped to 95 rubles. In the cash market, the exchange rate rose to 125 rubles.
 The Central Bank of Russia will not be able to help the ruble, since its reserves in the amount of 640 billion US dollars, which are in foreign banks, are not available to the Russian Federation. Accordingly, the Central Bank will not be able to support the ruble in the foreign exchange market in Moscow, which, without an injection of funds, may collapse even more.
We will see this in the coming days.