Market Wrap: Cryptocurrencies and Stocks Drop as Russia-Ukraine Tensions Rise

Russian President Vladimir Putin

Most cryptocurrencies declined on Friday as traders reacted to geopolitical risks emanating from Russia and Ukraine.For now, the U.S. has ruled out sending troops into Ukraine despite Russia's military activities. Bitcoin dropped as much as 5% over the past 24 hours, compared with a 4% decline in ETH and a 7% dip in SOL. Stocks were also lower while traditional safe havens such as gold and the U.S. dollar rose. Markets eventually stabilized later in the New York trading day.

Technical indicators are mostly neutral for bitcoin, showing support at $35,000-$40,000 and resistance at $46,000. Over the past 10 days, a majority of trading volume occurred at $41K-$41.5K BTC, according to Jason Pagoulatos, an analyst at Delphi Digital, a crypto research firm."If that level is lost, we likely move towards the volume gaps left behind, which happens to coincide with $38.5K."

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war will not happen even if ukraine makes resistance to russia in vain it will only destroy the country and throw away the lives of its citizens. live peacefully because war will harm both parties and respect one's life.

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Russia buying the dip thanking the u.s for saying what they said lol

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Once the war will be started it’ll drop massively

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Why is sign of caution?

Damn Coindesk get bought by CNN?

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