The cryptocurrency markets are broadly down today. Ukraine has reportedly spent approximately $15 million in cryptocurrency—primarily Bitcoin and Ether—on military equipment, after receiving more than $50 million in crypto donations.
The UK100 index fell more than 6% last week as the intensifying conflict between Russia and Ukraine triggered selling across global markets. The worst-hit companies were those with significant ties to Russia. Miners Polymetal International and Evraz dropped 64.87% and 60.02%, respectively.
Oil prices have risen roughly 30% over the past week. Prices nearly reached $125 early Monday morning and are trading around $123 at the time of writing. Investors are closely watching the possibility of a U.S. ban on Russian oil imports, which could push prices higher.
Top Cryptos
Solana is down more than 6%, while Cardano, Avalanche and Ethereum have each fallen over 4%. Bitcoin is trading just above $38,000 at the time of writing, roughly a 3% decline over the past 24 hours.
Top Movers
Most coins among the top 100 lost 3–5% of their value today. A notable outlier is Fantom, which plunged nearly 12%. Anchor Protocol declined 14% as the impact of a recent large investment position fades.
Convex Finance continues to slide, down 8.68% in the past 24 hours and 9.82% over the last seven days after a bug triggered a forced token release and a subsequent drop in CVX.
Monero has fallen 6%, erasing recent gains. Other significant losers include Zcash (-9%) and Chiliz (-7%). Waves is still rallying in support of Ukraine, gaining about 2% today.
Trending
The token for Meta Speed, an online multiplayer game built on blockchain technology, surged 746% today. Players can gather friends, form teams, compete against others and earn token rewards for winning matches.
MovieBloc, a decentralized film and content distribution platform, has made headlines for profitable partnerships with film studios. Its lineup of high-profile films has driven popularity and helped the token gain 82% in 24 hours.
TROY is trading at $0.007 today with a 24-hour trading volume of $118 million. TROY jumped 29% after announcing an upcoming NFT release.