So Before we start I would like to say that this is not FINANCIAL ADVICE AND IS FOR ENTERTAINMENT purposes only.
So Crypto is right now at the time of writing this article its almost down 7% today. This is because of the fed hiking the rates again today. So what's going on in Ukraine that you need to worry about? Lots of things let me catch you up.
The first thing is that on Dec 5 2022 Russia will shut off a major gas pipeline to Europe. This will make most of Europe freeze over the winter if a deal is not negotiated. So this is not ok and I expect the United Nations and Europe to negotiate a deal pretty soon. This is a big deal because depending on what the deal is it could or could not affect the war in Ukraine and the record high inflation in the US right now.
The second thing is that if Russia decides further its efforts to invade Ukraine by any means possible. Let's just say it's not going to be pretty and the markets won't act any better either. So what can you expect from the market if any of these things happen? We will be down a lot maybe to the 10% range I would not think it would go any lower than that though.
That's it for me today it was a pretty short one today. Thank you for reading and have a great day.
KuCoin
