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Bitcoin plunges over 9% after Russia declares ‘war’ on Ukraine; wave of memes on Bitcoin crash

On Thursday morning, Bitcoin was trading at $35,441.27 with a dominance falling by 0.16%.

New Delhi: Russian President Vladimir Putin taking to national TV on Thursday declared the start of a “special military operation” in Ukraine to achieve the “demilitarization and denazification of Ukraine.” The declared war affected the cryptocurrency market with Bitcoin falling by 9% to $34,555 as missiles continued to tackle down its capital city in Kyiv and its airport was captured by airborne troops.

Besides, Sensex also suffered 1,640 points to 55,585 and Nifty fell by 490 points to 16,572 today morning.

The cryptocurrency market has been trading in red as it underwent a steep fall of 5.78% to $1.61 trillion over the last 24 hours. The trading volumes were also fell around 99.98% to stand at $12.72 million. On Thursday morning, Bitcoin was trading at $35,441.27 with a dominance falling by 0.16%.


Putin on national TV asked the Ukrainian soldiers to immediately lay down their arms. “All service members of the Ukrainian army who follow these demands will be able to leave the battle zone.”

According to New York Times, Putin went on to threaten supporters of Ukraine such as the U.S. and other members of NATO.

“Anyone who tries to interfere with us, or even more so, to create threats for our country and our people, must know that Russia’s response will be immediate and will lead you to such consequences as you have never before experienced in your history,” Putin said. “We are ready for any turn of events.”

Meanwhile, Bitcoin investors are having a tough time witnessing the crash of Bitcoin. Twitteratis are sharing their thoughts that despite the plunge of Bitcoin, the world’s largest cryptocurrency will survive, while some as sharing memes as well.

Here are some of the reactions of Netizens on the plunge of Bitcoin: