Crypto Assets Plunge 10% Today After Russian Attack

Russia's attack on Ukraine has had a significant impact on the global financial market. The Russian ruble depreciated by up to 13%, and the Moscow Exchange index plunged by up to 50% on Thursday (February 24).

As if stung by the Russian attack, cryptocurrency assets also plummeted. According to Coinbase, cryptocurrencies fell by up to 10.44% in the last 24 hours.

Cardano led the fall of large-cap crypto assets today. The cryptocurrency, with the code ADA, plunged 18.06% to Rp10,990 per coin on Thursday (February 24) until 18:59 WIB.

The next largest drop among large-cap cryptocurrencies was Avalanche (AVAX), which fell by 17.16% to Rp968,530 per coin.

Followed by Dogecoin (DOGE) which dropped 16.66% to Rp1,610 per coin, Polkadot (DOT) down 16.28% to Rp207.18 per coin, and XRP (XRP) corrected by 12.63% to Rp9,180 per coin.

Then there's Ethereum (ETH), which also corrected 12.16% to Rp34.39 million per coin. Solana (SOL) slumped 11.73% to Rp1.17 million per coin, and Binance Coin (BNB) fell 11.66% to Rp4.82 million per coin.

Similarly, the price of Terra (LUNA) fell 9.22% to Rp753,320 per coin, and Bitcoin (BTC) dropped 8.55% to Rp509.87 million per coin.

All of the crypto assets mentioned above have a market capitalization of over Rp200 trillion. Bitcoin's market capitalization remains the largest, reaching Rp9.67 quadrillion. The smallest is Polkadot, with a market capitalization of Rp204.3 trillion.

(Read Also: First Day of War, Russia's MOEX Stock Exchange Plunges Nearly 30%)