The world is in turmoil after Russian president Vladimir Putin announces an attack on Ukraine!
Based on the mainstream media covering the current news, explosions can be heard in the capital Kiev and the city of Kramatorsk in central Ukraine and Odessa in the south.
As expected, the crypto market also lost out with each recording a decline of more than 5%!
At the time of writing, Bitcoin (BTC) is down nearly 11% from a daily high, $ 38,773 to a daily low, $ 34,554. The last time BTC touched the $ 34,000 area was on January 21, 2022.
While Ethereum (ETH) is down more than 14% from a record February 23, $ 2,753 to a daily low of $ 2,360 just now.
The non-fungible token (NFT) market did not lag behind in bearing the brunt of this war as floor prices for some digital collections recorded a decline of around 6% to 24%.
Even so, it is uncertain to what extent this negative trend continues. If one looks at the sentiments influencing the crypto and NFT markets, the performance of digital assets depends on Russian -Ukrainian relations.
As of the latest report just now, the president of Ukraine - Volodymyr Zelenskyy has declared his country in martial law status.
Martial law refers to any government that uses uniformed unit forces to control the people from carrying out activities that are usually temporary in nature.
Even the president of the United States, Joe Biden, has already assured the full support of the whole world for Ukraine which is being attacked by Russia.
