Crypto Market Down as Russia Bombs Europe’s Largest Nuclear Power Plant

Time Stamp: March 4, 2022 6:00 AM
Source Node: 1197930

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  • Multiple cryptos, including Bitcoin and Ethereum, dipped in price after a recent Russian attack on Ukraine.
  • The total crypto market cap dipped by 4.25% in the last 24 hours.
  • FED will push through with rate hikes despite the ongoing conflict.

Multiple cryptocurrencies, including top coins Bitcoin and Ethereum, saw a price decline this week following Russia’s bombing of the largest nuclear power plant in Europe.

Russian forces blasted the Zaporizhzhia plant, Europe’s largest nuclear power station, which ignited fire as they blitzed a Ukrainian critical energy source. The Zaporizhzhia plant provides more than a fifth of the total electricity in Ukraine.

Recent updates indicate that the fighting around the city has been extinguished.

The attack, however, severely affected the crypto market again, raising fear, uncertainty, and doubt (FUD) to investors. According to data from CoinMarketCap, the total crypto market capitalization has lost 4.25% over the last …

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