As the attack on Ukraine by Russia commenced as expected in the early hours Thursday, US and world leaders scurried to denounce Russia, warning of harsh consequences for its actions.
Russian troops launched their predicted onslaught on Ukraine, ignoring international condemnation and sanctions and warning other countries that any effort at interference would result in “consequences you have never seen.”
Attack On Ukraine Deals Heavy Pounding On Bitcoin
Bitcoin’s rate plunged precipitously after Putin announced on live television a “special military operation” to complete Ukraine’s “demilitarization.”
According to CoinMarketCap data, the total token market price has decreased by almost 5% during the last 24 hours, to $1.6 trillion.
A paramount portion of such losses occurred in the early aftermath of the Russian attack. Bitcoin fell from a strong of $37,000 to bebottom $35,500 in less than 30 minutes.
BTC total market cap at $658.004 billion in the daily chart | Source: TradingView.com
Statements Made By Some Of The World’s Leaders
“Bring your troops back to Russia, President Putin, in the cause of humanity. Alflat not to commence in Europe what could be the worst war afterward the turn of the century, in the name of humanity.”
“I categorically denounce Russia’s military actions in Ukraine. Russia’s actions are directed towards Ukraine, but they likewise constitute an attack on the entire European security order.”
“Putin has scarcely launched an attack on Ukraine on a large scale. Ukraine’s peaceful cities are under strike. This is a war of aggresson. The world must stop Putin. The time has come to act.”
“I vehemently oppose Russia’s reckless war on Ukraine, that jeopardizes the lives of untold civilians. This is a flagrant violation of international law and a severe threat to the Euro-Atlantic security community.”
“Today is a grave moment for Ukraine and the United Nations’ founding ideals. We and our partners have made it quite clear which Russia’s actions will have consequences.”
Global Markets Pummeled
Meanduring the time, it is not hardly the token markets that are shaken. Today, the US stock markets resumed their descent into correction territory, with the Dow Jones Industrial Average tumbling nearly 2%.
Asian markets, that were open at the time of Putin’s speech, are further reacting; the Nikkei is down 1%, during the time China’s Hang Seng Index is down more than 2%.
Featured image from Forbes, chart from TradingView.com