Crypto assets were trending downward on Wednesday night, but they dived even higher when Russia began attacking Ukraine on Thursday morning.
US stocks fell yesterday as tensions rose in Ukraine. The SPX500 (-2.25%), DJ30 (-1.69%) and NASDAQ100 (-3.1%) all ended heavily in the red as investors fled for safe-haven assets.
The BEA will disseminate preliminary GDP data for the fourth quarter of 2021 at 13:30 GMT, which could cause volatility in the markets.
Oil rose over $97 this morning as Russia began attacking Ukraine.
top cryptos
Most coins in the top 20 lose a tenth of their value on average. Five of the top 10 cryptocurrencies fell in double digits in the past 24 hours: Cardano over 15%, Avalanche 14%, Ethereum and BNB over 12%, and XRP over 11%.
At the time of writing, bitcoin is trading at less than $35,000, down more than 8% on the previous day. Outside the top 10, Dogecoin, Polkadot and Polygon lost over 15%.
top movers
The situation looks even worse outside the top 20, where the cryptocurrency has a minimum loss of around 8%. Chainlink lost over 17% and Phantom, The Graph, Gala and Elrond each lost 18%.
VeChain and AAVE are down about 17%. Theta Network, Harmony, Enjin Coin, Curve DAO Token and Looping each shed 19% of their value on the news that Putin declared war on Ukraine.
Pancake Swap’s losses are just under 18%. Kadena has lost 19-20% and Meena by 20%. The biggest loser is Convax Finance, which has lost nearly a quarter of its value.
trends
Unifty provides a contract-as-a-service solution to enable digital artists and collectible issuers to create their own contracts for a variety of purposes without coding knowledge. The value of the token has increased by 82% in the last 24 hours.
Amidst gloom and doom, ACCEL is rallying on news of the Binance listing scheduled for today. The coin has gained over 18% in the past 24 hours. It is a multi-utility asset that claims to bring many real-world utilities to the crypto space.