Bitcoin dips to $36.4K as Ukraine move sends Russian ruble to near 6-year lows vs. dollar

[newshunter]

Bitcoin dips to $36.4K as Ukraine move sends Russian ruble to near 6-year lows vs. dollar

Gold outperforms “digital gold” in the wake of geopolitical strife, analysts note, with XAU/USD passing $1,900.

Source: Bitcoin dips to $36.4K as Ukraine move sends Russian ruble to near 6-year lows vs. dollar

Would appreciate your opinion about this

[Senin]

It turns out interesting. Russia violated the sovereignty and territorial integrity of Ukraine by recognizing the existence of two independent republics on its territory and then officially sent its troops there, which, of course, increased the likelihood of a full-scale war, and primarily due to the fact that the Putin regime did not will stop and will continue to seize the territory of Ukraine. But for some reason, it turns out that Ukraine is to blame for the fall in the price of cryptocurrency due to these aggressive actions of Russia.
It is also not clear to me yet why, in the context of the growth of the escalation of these hostilities, the price of the cryptocurrency is falling, while gold is growing. Maybe the fall in the price of the cryptocurrency is caused by other reasons, and not these?

[Bobcrypto]

I think it is the fear syndrome and not outrightly because of any possibility of a break out of war between Russia and Ukraine. In 2018, for instance, there was no rumor of war or disasters, but Bitcoin experienced it's worst bear run. Honestly, I see the current situation as a bear run and it will only be for a while and go. After the rain comes the sun shine, we are definitely waiting for the bull time.

[cheezcarls]

Regardless of Putin’s “reasons”, it’s still considered an “invasion” because they stepped into the Ukrainian soil that violates the sovereignty of it. China also made comments that it’s “not an invasion” by Russia, because they are siding with Putin and his Russian forces. BTC dropped even further to below $35k before going back up again to $38.7k+ as of this time of writing.