- Bitcoin price fell 8% and traded below USD 35,000.
- Ethereum broke the USD 2,400 level, falling 11%.
- Multiple altcoins are down in double digits.
The crypto market followed the stock market and tumbled on Thursday as Russia’s president Vladimir Putin ordered a “special military operation” to protect the people of the Donbas separatist region in Ukraine, but said Russia will “aim for demilitarization and denazification of Ukraine,” per Bloomberg.
US equity futures and stocks tumbled while bonds jumped and oil soared following the news.
Bitcoin trimmed all its gains this month and traded below USD 35,000. It is currently down 8% and remains at a risk of more downsides below USD 35,000.
Similarly, most major altcoins are declining sharply. ETH is down 10% as it