5 Cryptocurrencies to Watch Amid Russia’s Attack on Ukraine

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1. Bitcoin

Bitcoin is the most popular coin in Russia and around the globe. The price of the coin has already dropped by close to 8% since February 23 as the Russian invasion of Ukraine affects world markets. Data from CoinMarketCap indicates that over $150 billion have been wiped from the crypto market since the invasion started. However, as the West prepares to impose sanctions on Russia, the price of the coin could jump as Russians use it as an alternative to the dollar for business. 

Bitcoin was developed by Satoshi Nakamoto and launched in 2008. It is one of the oldest coins on the market. It is the most widely used cryptocurrencies in the world, accepted by a majority of exchanges. A lot of Russian businesses already trade using these exchanges. 

You can also take a peek at 10 Best Medical Stocks Under $10 and 15 Best Warren Buffett Stocks to Buy Now.

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