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How does this Ukraine crisis affect the crypto market?
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[QUOTE="Setho, post: 227922, member: 29023"] There has been a war between Russia and Ukraine for some weeks right now and when the invention started it was noticed that the price of Bitcoin dipped by more than 15% in the first 24 hours . Bitcoin which controls a greater percentage of the market capitalisation of other cryptocurrencies actually is a speculative currency whereby news can be able to effect it a lot but when it comes to this one it is a lot more than that . Russia at the moment has the second highest Bitcoin mining rate after the United States of America so which means that any unrest in the country is definitely going to affect how fast transactions are going to be going and thereby it is going to increase transaction fees and waiting time. It is also noticed that a lot of countries have imposed sanctions on Russia and as such it is going to affect global trade and global finance's as they have been blocked from accessing them . This has created a lot of uncertainty in the minds of people about what is going to happen next and as such people and not really going to be committing into any serious trade with fear of losing . [/QUOTE]
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How does this Ukraine crisis affect the crypto market?
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