Punch
Bitcoin, the world’s largest cryptocurrency, has lost $33.19bn in market capitalisation as its trading price slipped to $35k in the wake of Russia’s invasion of Ukraine.
News of Russia’s ‘special military operation’ in Ukraine has sent the crypto market spiralling down, tumbling along with traditional markets.
On Wednesday, BTC had a market cap of $707.39 billion and closed trading at $37,296.57. However, as of 3:04pm on Thursday, BTC’s market cap had fallen to $674.19 billion and was trading at $35,549.04.
Reacting to the tumble in the market, Chief Executive Officer, FTX, Sam Bankman-Fried, said, “So there are arguments both ways for what should be happening to BTC right now…
