Russia's military intervention in Ukraine has elicited a strong reaction from the cryptocurrency community. The news of the invasion initially sent Bitcoin (BTC) and other cryptocurrencies tumbling. The U.S. government has since responded to Russia's invasion with stringent economic sanctions that have helped crypto prices rebound from their initial price collapse. Amid all the doom and gloom, there are a few voices of hope in the crypto community. Ethereum co-founder Vitalik Buterin, a Russian citizen, voiced vocal opposition to Russia's invasion and said the country should not have abandoned the prospect of a peaceful resolution to the conflict. FTX CEO …

It appears that crypto enthusiasts worldwide are rallying in support of Ukraine to resist an ongoing full-scale Russian invasion. According to reports, Bitcoin (BTC) donations to Come Back Alive, a non-governmental organization helping Ukraine's military efforts, received $3 million in BTC in a single donation on Friday. Users also took to social media to ask the country's Ministry of Defense to accept crypto donations, such as USDT. At the same time, the founder of Ukraine's Kuna exchange created a crypto fund to assist charities in the country. Everyone! Thank you for all the support and donations! The current plan is …

Buyers returned to the Bitcoin (BTC) market, locating interim upside opportunities as the price rebounded to nearly $40,000 on Feb. 25, gaining 16% in less than 24 hours. Investors bulk up Bitcoin holdings The number of Bitcoin addresses with a balance greater than 0.01 BTC (~$400) reached a record high of 9.51 million, the latest data from CoinMetrics shows. Meanwhile, the number of addresses that hold at least 0.1 BTC (~$3,850) also reached 3.34 million for the first time in history. On the whole, Bitcoin's network added a little over 24,500 addresses with a non-zero balance on Thursday, coinciding with …

Russian Bitcoin (BTC) miners are reportedly running as usual despite the government’s invasion of Ukraine this week. According to estimates from the Cambridge Bitcoin Electricity Consumption index, miners in Russia accounted for around 11.2% of the global BTC hash rate as of August 2021. With sanctions on the Russian government coming from the U.S. and allied NATO nations, it is unclear how the local BTC sector and the broader market will be impacted. While some crypto mining firms such as Ethereum focused Flexpool have halted their services in Russia in response to the invasion, BTC miners Compass Mining confirmed to …

The sanctions announced by United States President Joe Biden in response to Russia’s attack on Ukraine did not include cutting the country off from payments on the SWIFT system or cryptocurrency transfers. In a Thursday announcement from the White House, Biden said the U.S. and its allies and partners would be enforcing sanctions aimed at imposing “devastating costs” on Russia due to “Putin’s war of choice against Ukraine.” The U.S. president announced that the country would sever its financial system from Russia's largest bank, Sberbank, as well as impose “full blocking sanctions” on VTB Bank, Bank Otkritie, Sovcombank OJSC, Novikombank, …

Global financial markets and crypto markets were pummeled over the past 24-hours as the invasion of Ukraine by Russian forces sent investors scrambling and sell-offs took place across most asset classes. Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin (BTC) hit a low of $34,333 in the early trading hours on Feb. 24, shortly after the Ukraine incursion began, and has since climbed its way back to $38,500 after an unexpected short-squeeze may have rapped bearish investors on the knuckles. Here’s a look at what several analysts are saying about BTC price and how the …

Against the backdrop of an ongoing Russian invasion, the price of Tether's USDT stablecoin on Thursday soared to as high as 36.97 Ukrainian hryvnia (UAH) on Ukraine's Kuna exchange. The total trading volume of all cryptos on the exchange amounted to about $4.4 million in the past 24 hours. During the same period, mid-market rates from foreign exchange data provider XE indicated that the UAH currency had only surged to a maximum of 29.89 per U.S. dollar. In other words, the conversion rate for USDT was much higher than typical UAH/U.S. dollar transactions. USDT has a theoretical peg of one-to-one …

On Thursday, Russia launched a full-scale invasion of Ukraine on multiple fronts, prompting a swift response from the Ukrainian government as it mobilized troops, armed civilians and called upon world leaders to come to its aid. The same day, the Ministry of Defense of Ukraine began accepting donations for its armed forces by setting up a designated bank account for foreign currency wire transfers. The Ukrainian army cited "numerous requests from individuals and legal entities who are not residents of Ukraine and wish to make donations." It appears one particular part of the memo caught the attention of social media …

As some industry executives have questioned Bitcoin (BTC) as being the digital gold amid a massive market crash on Thursday, other experts continued to support the digital gold narrative for now, or until whale investors like MicroStrategy cash out. Ki Young Ju, CEO of South Korean on-chain analytics resource CryptoQuant, took to Twitter on Thursday to report that his platform has not observed any “significant on-chain activities” as of 11:00 AM UTC. Institutional investors who bought Bitcoin via on-chain transactions seem to have not sold their holdings yet, Ju wrote, adding that “institutions running algorithmic trading bots think BTC is …

The ongoing Bitcoin (BTC) price correction could continue as per almost a century-old technical analysis principle called "Elliott Wave Theory." The interim bearish outlook put forth by the Elliot Wave Theory appeared as Bitcoin tumbled below $35,000 amid the Russia-Ukraine conflict. Bitcoin wave fractal eyes repetition The theory, which divides a price cycle into two sets—one consisting of five upward-trending impulse waves and the other having three follow-up corrective waves—points to the possibility of BTC's price dropping toward $25,500 in 2022. At the core of its bearish outlook is its record of predicting cyclical tops and bottoms throughout the Bitcoin …

The world woke up to a “sea of red” which was not necessarily limited to the financial markets, as Russia declared war on Ukraine early Thursday. The traditional financial markets along with the crypto markets were sliding bearish for the past week and saw a rapid decline early on Thursday. Apart from the crude oil prices which jumped to an eight-year high above $100, the majority of the stocks have lost over 5%. The Russian invasion on Feb. 24 triggered the bears leading to a $500 billion crypto market sell-off, where the majority of the cryptocurrencies lost critical support to …

Terra (LUNA) has fared better than its top crypto rivals when it comes to withstanding the negative market impacts of the ongoing Ukraine-Russia conflict. LUNA's price rallied nearly 18% this week to over $58, more than Bitcoin (BTC), whose returns in the same period came out to be a little over 1.5%. Similarly, the Terra token did better than its rival Ether (ETH), which is up around 4% this week. Over the weekend, Bitcoin fell below its psychological support level of $40,000 as fears of a possible Russian invasion of Ukraine dampened risk-on sentiment. It continued declining on Monday after …