Markets


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Russia Invades Ukraine: Impact on the Markets

Here's a roundup of our news and analysis on Russia's invasion of Ukraine and its impact on crypto markets and the digital-asset industry.

Map of Ukraine. (Openverse, modified by CoinDesk)

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Bitcoin Latest Price Drop Suggests It’s Not ‘Digital Gold’ for Everyone

As geopolitical tensions rise, the cryptocurrency's price has fallen.

Bitcoin's price vs. gold, year-to-date returns. (CoinDesk Research, St. Louis Fed, Yahoo Finance)

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Tether's USDT Stablecoin Well Over $1 on Ukrainian Crypto Exchange

Tether, which is supposed to represent a $1 value as a dollar-linked stablecoin, is trading above its peg on the Ukrainian exchange amid tensions.

Tether's USDT was trading at around $1.10 on Ukrainian crypto exchange Kuna on Thursday. (Kuna)

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Las principales criptomonedas caen en medio de la crisis en Ucrania

Bitcoin, por su parte, fue considerado como un activo menos riesgoso por parte de inversores.

Bitcoin cayó 9% hasta los $34.500 en las primeras horas de Asia. (TradingView)

Финансы

First Mover Americas: Traders Prefer Gold, Fiat Safe Havens Over Bitcoin as Russia Goes to War

The latest moves in crypto markets in context for Feb. 24, 2022.

(Federal Reserve Bank of New York, modified by CoinDesk)

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Pain Ahead for Major Cryptos on Ukraine Crisis, With Bitcoin Seen Less Risky by Some

Russia’s attack on Ukraine hit global markets on Thursday, sending crypto prices tumbling. Here’s what analysts are saying about the market.

Bitcoin cayó 9% hasta los $34.500 en las primeras horas de Asia. (TradingView)

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Cardano’s ADA Dives 18%, Leading Plunge in Cryptos as Russia Begins War With Ukraine

Global stocks are tumbling alongside cryptocurrencies, with Western European indexes down nearly 5% and U.S. futures pointing to about a 3% opening decline.

(CoinDesk archives)

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Pantera Capital Says Some Crypto Selling Pressure Has Been Tax Related

The hedge fund manager says $1.4 trillion of cryptocurrency capital gains were made last year.

CoinDesk placeholder image

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Crypto Market Capitalization Slumps to $1.5T as Russia Attacks Ukraine

The crypto market tumbled 9% on Thursday, with some analysts saying the asset class remained a risky offering.

Storm clouds gather. (Shutterstock)

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Bitcoin Falls 7% as Russia Invades Ukraine; Experts Say Fed U-Turn on Rate Hikes Unlikely

It's a Catch-22 situation for the Fed, with geopolitical uncertainty posing risks to financial market stability and oil's move above $100 likely to bolster inflation.

Federal Reserve Chair Jerome Powell at his renomination hearings in January. The Fed is mulling its 2022 interest rate plans. (Brendan Smialowski-Pool/Getty Images)

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