Post
Topic
Board Altcoin Discussion
Re: Crypto in war ukraine and russia
by
X-ray
on 08/03/2022, 04:25:26 UTC
According to data from CryptoCompare, Bitcoin trading denominated in the Russian rouble went into overdrive when the invasion began on Thursday. Daily volumes rose 259 per cent from a day earlier to 1.3 billion rouble or $13.1 million.
People in russia was massively converting their assets into the cryptocurrency. The ban to the russian bank has been giving a serious impact to the price. I was not even getting surprised if there was a huge pressure to the crypto market as the crypto exchange site denied to comply with the some sanctions that already agreed by some countries. The daily volume was surging a lot due to the panic buy from russian but it was slowly going down again.
Crypto has proven if it can be a safe heaven for people to save their value from the war. We know that so well if the war will be destroying everything and this must become the main concern for anyone in here.
That's why people wanna see peace