The cryptocurrency market took a nosedive in what was already seeming like a day within the purple zone after Russian President Vladimir Putin declared a “special military operation” for the “demilitarization and de-Nazification of Ukraine.” 

See associated article: Crypto market tumbles amid uncertainty over Russia and Ukraine

Fast info

• The international cryptocurrency market cap dipped to US$1.58 trillion, the lowest since August, with the selloff but to utterly stabilize, as of press time. 

• The high 5 cryptocurrencies are all falling, with Bitcoin dropping 5.6% in lower than two hours to US$34,958, whereas Ethereum fell by 7.7% to ​​US$2,382, in line with CoinGecko. 

• Terra has retraced a few of its positive aspects from Thursday morning Asia time, to hitch the crypto high 10 within the loss column to commerce at US$55.89, down from its 24-hour excessive of US$62.92. 

• Several explosions had been reported in Ukraine and European aviation regulators have warned towards the specter of civilian planes getting shot down. 

• The West is planning full-scale sanctions towards Russia whereas Putin warned international powers towards interfering. 

See associated article: Terra bullish trend continues; rest of crypto top 10 in red