Everything is tumbling.
What is happening?
The crypto chaos coming from the peaceful Canada country and, the war between Russia and Ukraine are negatively affecting all markets including the crypto market.
Follow DePocket now to find out what is going on.
Prime Minister of Canada Justin Trudeau has announced he will repeal emergency powers used to freeze $8 million from 210 bank accounts connected to Canadian ‘Freedom Convoy’ protestors. After being blocked from traditional crowdfunding platforms GoFundMe and GiveSendGo by the Canadian government, protesters turned to fundraise with Bitcoin on Tallycoin and raised 21 BTC valued at about $902,000 at the time the event ended on 15th of Feb.
We can see now how centralized authorities are striving to resist the application of crypto into real life, especially in the revolution of fighting for human right. DePocket completely disagreed with the Canadian president’s decision when he used his legislation power to dominate a group of truckers to force them to be reluctantly vaccinated. Read here to see the detailed argument.
The Russian army has begun a military operation in Ukraine as missile explosions have been heard surrounding several areas, including the capital of Kiev, which consequently made the crypto market extremely plunge and led to the intense rise in the prices of oil and gold.
The war between these two countries becomes the chance for whales to utilize this news to dump the market. More and more investors are becoming tremendously fearful as they panic to sell all their digital assets and this is called the snowball phenomenon. Read here to discover what is happening now with this war and what terrible consequences are mentioned in the article.
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