After logging decent gains over the past few days, crypto traders turned defensive today(18th Feb.2022) as tensions between Russia and Ukraine intensified.
Following this, the appetite for riskier assets, including the digital token, dropped sharply. Investors now looked for safe heaven bets like gold, dampening the sentiments further.
Barring the dollar-pegged Tether, all other top digital tokens were trading in deep red on Friday. Avalanche and Terra dropped 9 percent each followed by Bitcoin and Ethereum, each losing over 7 percent.