Global Investors Fear Tensions Between Russia and Ukraine
The U.S. State Department says Russia is not backing down, while Ukraine officials have declared a state of emergency.
Pentagon Spokesperson John Kirby stated that the Russian military is ready to advance and put themselves in a state of readiness to act and conduct military action in Ukraine. Investors worldwide are concerned about the global economy and geopolitical tensions.
Michael James, the managing director of Wedbush Securities, said that Putin is digging his heels in despite increased sanctions. The Wedbush executive added that the press is adding to elevated nervousness about further aggressive actions and what that will mean for commodities and inflation.
Wall Street’s top indexes have shed significant losses, with the S&P 500 dropping to the lowest levels in eight months. The crypto economy saw significant fluctuations as well, with the Nasdaq and Dow Jones Industrial Average continuing to see sell-offs.
Crypto Economy Flounders Amid Global Uncertainty
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