Russians turned to crypto as coup story unfolded Bitcoin Russia coup
- Tensions in the geopolitical landscape continue to rise as this past weekend saw a brief military coup attempt in Russia led by Yevgeny Prigozhin, the head of the Wagner Group, which threatened the stability of the East European nation amid its ongoing military campaign in Ukraine.
For the cryptocurrency market, the rapidly unfolding story led to a spike in trading and an uptrend in prices as investors – especially those in Russia – sought out safe-haven assets to provide shelter from the potential ramifications but had limited options due to most markets being closed on the weekend.
By Sunday afternoon, the coup was all but disbanded, and Prigozhin had agreed to go into exile in Belarus and won’t face charges in Russia related to the developments.
France Dernières Nouvelles, France Actualités
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