Shortly after Russian President Vladimir Putin began military operations in Ukraine, the exchange rates for Bitcoin and Ethereum were compact.
From our monitoring from coinmarketcap, Thursday (24/2/2022) the bitcoin exchange rate at the time this news was made had dropped 8.9% in the last 24 hours to USD 34,559 per bitcoin. While Ethereum's decline was even more ambiguous, it dropped 12.38% in the last 24 hours to USD 2,322 per ETH.
Meanwhile, when compared to a week ago, the value of BTC has dropped 20.75%, and the decrease in ETH reached 24.2%.
In addition to BTC and ETH, large declines also occurred in some coins such as BNB, which dropped 11.3% to USD 332 in the last 24, and dropped 21.5% in the last week.
Earlier, Russian President Vladimir Putin announced a military operation in Ukraine on Thursday morning to defend separatists in the country's eastern region.
"I have made a decision on military operations," he said in a shocking statement broadcast on television just before 6 am local time as reported by the AFP news agency on Thursday (24/2/2022).
Putin claimed in his speech that military operations were conducted to protect civilians. He also called the military operation a response to the threat posed by Ukraine, and not intended to occupy Ukraine.
He also warned other countries not to interfere with Russia's actions, as it would lead to "consequences they have never seen before".
In his speech, the Russian leader accused the United States and its allies of ignoring Russia's request to prevent Ukraine from joining NATO and offering security guarantees to Moscow.
Earlier, the Ukrainian government had declared a state of emergency on Wednesday (23/2) local time amid rising threats of Russian invasion. Ukraine also called on its citizens in Russia to return immediately.