Taiwan, Singapore Are Not Stablecoin Fans; Major Cryptos Decline as Russia Invasion Looms

Good morning. Here’s what’s happening:

Market moves: Bitcoin and most major cryptos sank amid escalating tensions on the Russia-Ukraine border. A speech by Russian President Vladimir Putin drew the world closer to war.

Insights: Taiwan and Singapore are among a number of countries who are not stablecoin fans.

Technician’s take: Due to the U.S. Presidents Day holiday, Technician’s Take is on hiatus.

Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis.

Prices

Bitcoin (BTC): $37,507 -3.1%

Ether (ETH): $2,606 -1.6%

Top Gainers

There are no gainers in CoinDesk 20 today.

Top Losers

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Markets

S&P 500: 4,348 -0.7%

DJIA: 34,079 -0.6%

Nasdaq: 13,548 -1.3%

Gold: $1,904 +0.2%

Market moves

Most major cryptocurrencies fell on Monday as a Russian invasion of the Ukraine loomed closer. In a televised address to his country, Russia President Vladimir…

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