Due to the war-favored decision of Russian President Putin, the money market is facing huge corrections.
In the present time, Russia and Ukraine are against each other because of their traditional fight over a piece of land at their borders. However, Ukraine and Russia both are standing with better potential against each other but the whole world doesn’t want any war situations among any country.
On 23 February, Vladimir Putin, Russian President, announced through the national broadcast media that the Russian military will introduce an operation in Ukraine.
Reportedly, during the morning many missile fire sounds have been heard in the mentioned areas including the capital of Kyiv and the city of Kharkiv. These things are hinting that Russia is ready to show its power against all of its enemies directly and indirectly.
Vitalik Buterin, the Ethereum co-founder, who already spent his life around 6 years in Chechnya, tweeted on this matter at 4 am UTC. He said that it is very disappointing that the Russian president took such decisions against Ukraine instead to go with peaceful solutions.
“Very upset by Putin’s decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.”
Due to such news and activities between Ukraine and Russia, almost all the crypto and stock markets are facing significant correction.
In particular, the S & P 500 (GSPC) and the Dow Jones Industrial Average (DJI) are down nearly 2%. Bitcoin faced a correction of 7.74%, while Ethereum faced a correction of 9.34%.
Don’t miss a thing, sign up for our newsletter