The cryptocurrency market has taken a severe beating after Russia launched a full-scale invasion of Ukraine
, the world's largest cryptocurrency, has plunged to $34,324, the lowest level since Jan. 24. It is down roughly 8% over the last 24 hours.
Alternative cryptocurrencies are getting hit even harder, with Cardano and Dogecoin shedding roughly 15% over the same period of time. This comes after Russia launched a full-scale invasion of Ukraine with assistance from the Belarusian military, setting the stage for the largest military conflict in Europe since World War II.
Military facilities in several major Ukrainian cities came under rocket attacks. Russian troops also reportedly landed in Odessa and Mariupol, Ukraine's southern port cities.Ukraine has already announced martial law across the entire country. Russia's Moscow Exchange index collapsed 35% in early trading, marking the biggest one-day drop on record.
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