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Russian troops entered eastern Ukraine territories late Monday night, just hours after Vladimir Putin recognized the independence of Donetsk and Luhansk, two Ukrainian regions, that Moscow-backed separatists occupied in 2014.
The world leaders condemned the Kremlin for violating international agreements and accused it of creating a pretext for war.
While NATO and ES allies prepare to announce sanctions against the Kremlin, the markets come with a harsh reaction.
Crypto drops, gold and oil rushes
The increasing geopolitical tension drove both stock and cryptocurrency markets down. The majority of altcoins fell sharply during the past 24 hours, bitcoin climbed below the $37K support level and tested $36.28 on early Tuesday.
The global crypto market cap decreased by nearly 6% or almost $140 billion over the last 24 hours and currently sits at $1.67 trillion.
In a meantime, gold price hit nine-month highs. Oil and gas prices jumped accordingly 10% and 7% following the upcoming supply disruption fears after Western democracies put economic sanctions on Russia, one of the world’s biggest suppliers of oil and gas.
The price of Brent crude oil reached $99.38 for a barrel, the highs not seen since 2014. However, experts warn it might surge up to $120 a barrel, fuelling global inflation further.
The world reacts
Continue reading Russian Troops Enter Ukraine: The World Reacts in DailyCoin
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