The Russian invasion of Ukraine on February 24 detonated the cryptocurrency market. The first 24 hours of Putin’s ‘special military operation’ triggered an 8% drop in Bitcoin and a 12% reduction in Ethereum’s market capitalization.
The asset class is volatile at the best of times, but when war breaks out and
Free Trial
Register for free to keep reading.
To continue reading this article and unlock full access to GRIP, register now. You’ll enjoy free access to all content until our subscription service launches in early 2026.
- Unlimited access to industry insights
- Stay on top of key rules and regulatory changes with our Rules Navigator
- Ad-free experience with no distractions
- Regular podcasts from trusted external experts
- Fresh compliance and regulatory content every day
