Why Cryptocurrencies are falling down during Ukraine war?
Updated: May 30
Conflict in Ukraine since February 2022 has escalated with NATO armory support of Ukraine and plans to build the rocket bases in Ukraine near the borders of Russia. Russia disagreed, but NATO did not hear, on the end, only people who lived there in Ukraine had problems, and no NATO countries.
Why Cryptocurrencies are falling down during this so-called Ukraine war?
The answer is simple, most of the miners and mining processes are conducted in Russia, and at the moment that is not priority number one. Are Bitcoin and Blockchain something where Russia has had enormous profit in the last 5-10 years? Well, that answer we can not give, but there is information that could allow confirming this statement. This is today irrelevant, as digital assets are developing in all regions of the World, but nothing is the same as from the beginning of Crypto-Trading till February 2022 (Ukraine war).
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