Stock Groups

The World Reacts -Breaking

by Mike Robinson

[ad_1]

Russian troops enter Ukraine: How the World Reacts

Russian troops entered the eastern Ukraine territories on Monday night. It happened just hours after Vladimir Putin had recognized Donetsk’s independence from Luhansk. These are two Ukrainian regions that Moscow-backed separatists have occupied since 2014.

Leaders around the world condemned Kremlin as violating international agreements. They also accused it of creating pretexts for war.

NATO and ES allies are preparing to issue sanctions against Kremlin. However, markets react harshly.

Oil rushes, crypto drops and gold

Both stock and cryptocurrency markets were affected by increasing geopolitical tension. Altcoins declined sharply in the last 24 hours. Bitcoin climbed to $37K and then tested $36.28 early Tuesday.

Over the last 24-hours, crypto markets worldwide have fallen by about 6% to $140 Billion. They currently stand at $1.67 Trillion.

In the interim, the gold price had reached nine-month peak levels. Oil and gas prices jumped accordingly 10% and 7% following the upcoming supply disruption fears after Western democracies put economic sanctions on Russia, one of the world’s biggest suppliers of oil and gas.

Prices for barrels reached $99.38, which is the highest level since 2014. Experts warn that it could rise to $120 per barrel and fuel global inflation.

Reactions from around the world

Russian invasion drew backlash around the globe, with world leaders condemning the regime’s aggression and violation of international laws.

President Biden condemned Putin’s “blatant violations of international law” and confirmed the United States continues to closely consult with Allies and partners, including Ukraine, on next steps.

NATO chief Jens Stoltenberg condemned the recognition of Donetsk and Luhansk, saying NATO supports Ukraine sovereignty & territorial integrity.

Cryptospace shared its support for Ukraine as well as concerns about the general financial and market reaction.

Redditor, Kilv3r, stated that many people requested a bear market. “Good luck everyone and god help the people of Ukraine”, he said.

Twitter (NYSE:) user Crypto Faucets & Crypto News Tweets urged crypto space to light a candle for the Ukrainians and also do not panic in times of extreme crypto market fear .”Let’s light a wick for and a market as a whole”, he said:

The legendary matamatician Nassim Nicholas Taleb referred to the old Latin saying “Hannibal at the gates” used to express fear or anxiety. In the current geopolitical environment, Bitcoin acts as an anti-inflation hedge and safe haven.

David Gokhstein (a crypto influencer and popular entrepreneur) started the day off by asking for prayers for Ukraine.

Lark, New Zealand-based cryptocurrency advocate Lark Davies doubts further World War III escalatements and claims that nobody wants the nuclear war stage. He blamed financial troubles for not reacting quickly enough to the Russian attack on Ukraine.

Vitalik Buterin (Ethernet-founder) stated earlier this month that Russia’s attack on Ukraine would be detrimental to both the countries and the entire world. Since then, he hasn’t updated his remarks on the most recent news.

The time that writting was being done, European countries as well NATO allies began to impose sanctions. These included the halting of the certification of the Nord Stream 2 pipe from Russia, and imposing economic sanctions on 5 Russian banks, and wealthy people.

Bitcoin prices are still at $37.4K as of this writing. But, due to the continued fall of the Asian stock exchange, the most gloomy forecasts for Bitcoin prices dropping are growing.

As Aaron Chomsky, the head of the investment department at ICB Fund, told RIA Novosti, the world’s leading crypto may potentially drop to the $18K levels, as the risk appetite among global investors declines.

EMAIL NEWSLETTER

You can also join the crypto-verse

Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.

[contact-form-7]
With just one click, you can unsubscribe at any time.

Continue reading on DailyCoin



[ad_2]