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Seeking Alpha 2022-03-04 12:45:06

Crypto check: Bitcoin dips after nuclear plant fire and Russian sanctions

Bitcoin (BTC-USD) slipped to just below $41K after reports that a Ukrainian nuclear plant, Europe's largest, was on fire early Friday local time after shelling by Russians. In recent trading Bitcoin (BTC-USD), the largest cryptocurrency by market cap, was down 4.9% to ~$41.5K. Other top digital tokens are also in the red. Ether (ETH-USD) is falling 6.4% to ~$2.35K, XRP (XRP-USD) -3.8%, Binance coin (BNB-USD) -3.8%, terra (LUNA-USD) -3.4%, solana (SOL-USD) -8.0%. Dogecoin (DOGE-USD) is sliding 4.1% and Shiba Inu (SHIB-USD) -3.3%. Coinbase (NASDAQ:COIN) CEO Brian Armstrong said in a string of tweets on Friday that "some ordinary Russians are using crypto as a lifeline" as the ruble collapsed. The crypto exchange isn't banning all Russian users, but said it is complying with U.S. government sanctions against individuals or entities. If the government decides to impose a ban on all Russian users, Coinbase (COIN) will comply, he said. The data,

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