Crypto community talks about the Russia-Ukraine war and market crash

This morning when Ukraine witnessed a
This morning when Ukraine witnessed a "special military operation" by Russia, the crypto market saw a heavy plunge.

This morning when Ukraine witnessed a “special military operation” by Russia, the crypto market saw a heavy plunge, as we reported. 

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Social media, including Twitter and Reddit, is filled with people expressing their concerns over the panic selling and the future of the world economy. Multiple big names have been found commenting on the same.

Ethereum co-founder Vladimir Putin, who has lived in Kolomna, Russia, for six years, has expressed serious concerns over the sufferings faced by citizens of both countries. He criticized Putin for not taking a peaceful stance and opting for war.

He added, “I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.”

Atlas DEX aggregator Altcoin Sherpasaid that during these times, one should not focus on markets and rather focus on the people involved.

The Crypto community also talked about high oil prices

Apart from the majority of stocks losing valuation by over 5%, the oil prices witnessed an eight-year high above $100. Crypto investor Anthony “Pomp” Pompliano said that 

the impact of this situation would be felt globally.

CEO of crypto exchange FTX, Sam Bankman-Fried, believes that the BTC’s decline was no surprise. Bankman-Fried remarked in a Twitter thread about the market situation that the war has created a liquidity shortage in the market, leading to sell-offs in both traditional and crypto markets. 

BTC’s price decrease can also be attributed to its increasing correlation with the Nasdaq and S&P 500, which recently reached a two-year high.

Many people are advising not to fight over ups and downs in the market right now and focus on the people who are suffering. It would be interesting to see what Russia does next and how Ukraine defends itself. 

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