Examining the crypto market’s reaction to the Russia–Ukraine crisis By Cointelegraph

February saw a noticeable shift between inflation and U.S. Federal Reserve news, followed by news of a conflict in Eastern Europe that completely overshadowed the earlier concerns of economic health. What’s transpiring in Ukraine is causing an immediate marketwide price drop. (BTC) had a notable decline of 11% over a 16-hour time period, while the majority of altcoins plummeted 20% or more.

The initial expectation was for the war to have a negative impact on cryptocurrency prices, which it did for a short period of time. However, as fear set in, prices quickly ramped up.