Bitcoin, Ethereum, Solana, XRP, and many other cryptocurrencies dropped in value suddenly on Tuesday, as did stock markets around the world. This happened because Russian President Vladimir Putin signed a decree allowing wider use of nuclear weapons in response to US President Joe Biden’s authorization for Ukraine to strike Russia with US missiles.
The news made people nervous, which caused them to quickly sell their stocks and crypto assets. This sudden selling led to a panic that made prices drop even more. The crypto market is still feeling the effects of this news, and it’s possible that more panic could lead to an even bigger drop in the price of Bitcoin and other cryptocurrencies.
Market experts warn that everyone should be careful and do their own research before investing in crypto, since it can be very risky.
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<p>The post Crypto Market Tumbles as Putin Signs Nuclear Weapons Decree first appeared on CoinBuzzFeed.</p>
