The largest cryptocurrency in the market has fallen by 8.58% over the past day. At the moment, Bitcoin is trading around $35,331.
The fall in the price of BTC has been accompanied by a surge in trading volumes. The crash of Bitcoin has pulled the rest of the market down. Among the top 10 cryptocurrencies by market capitalization, Ethereum, BNB, XRP and Cardano have fallen by more than 10%.
The capitalization of the crypto market is $1.36 trillion, while the Bitcoin dominance index stands at 40.2%.
The market is falling against the backdrop of a significant aggravation of the geopolitical situation. As it has been reported, the Russian military is attacking the military infrastructure of Ukraine.
The creator of Ethereum, Vitalik Buterin, has called Putin’s decision to conduct a special military operation “a crime against the Ukrainian and Russian people.”