Pain Ahead for Major Cryptos on Ukraine Crisis, With Bitcoin Seen Less Risky by Some

“The prospect of geopolitical escalation has been the main driver of price moves in the broader risk asset spectrum for the past couple of weeks,” said Anto Paroian, chief operating officer at crypto investment fund ARK36, in an email to CoinDesk. “Now that the war between Russia and Ukraine has become reality, investors are rushing to take risk off the table, and stock markets globally are seeing major declines.”