War, Crypto & The Invisible Line Connecting It All

Edwin Starr said it best: war is good for nothing. Recently, talks of war have affected crypto in a major way – an invisible string connects the two and we will take a look at how war could impact crypto prices, and the bigger picture impacts at hand. Related Reading | Bitcoin Gives Bullish Clues, Will The FED Meeting Get In The Way? War & Crypto: A Toxic Mix… 2022 has undoubtedly been a rocky ride for crypto. It was a volatile first quarter of the year for major players such as Bitcoin and Ethereum. Around the end of January going into February, the cryptocurrency market cap declined by about $205 billion within a span of 24 hours. The major market indices also crashed, and were treading the correction territory at the period too. This isn’t a first, nor will it be the last until things stable out – what is especially interesting is the price impacts from the war has been brewing between Russia the Ukraine, particularly considering that both the US and Russia have been considered head runners in being the top crypto mining places in the world, following China’s mining departure within the past year. Indeed, much of this turbulence has continued since the first quarter as we approach the midpoint of Q2 2022 – though how much of this can be credited to international disputes is certainly up for debate. BTC: Bitcoins chart can be found on tradingview.com. | BTC:USD via tradingvie...