Welcome to cryptopedia i am sabir we're all sabir good morning welcome to another market open stream and this morning is looking fantastic for bitcoin and crypto again both are rallying and this is quite simply due to russian sanctions russia and its citizens are forced to basically embrace bitcoin and crypto at this point which is why i believe they are definitely driving bitcoin and crypto higher so let's take a look at what's going on today what's going on with markets and of course what's going on with the russian invasion so smash it a like our blog to make sure you follow me on social media and check out all the latest news article and guides at cryptopedia,

Good morning everyone, you can see bitcoin above 44 000 44 600 to be exact so we're another 1 000 point higher for bitcoin and entire market cap is now above 2 trillion and that's fantastic that's what we want to see right and this is still happening wow markets are in red yesterday i think nasdaq did flip to the green but overall markets were still red right now futures you know 10 minutes before open bell excuse me is in red so bitcoin is decoupling away from nasdaq and from the u.s markets which it should it should have been like this all along it's just that you know when there's fear and panic traders do a whole lot of stuff but right now it does look like bitcoin and crypto is decoupling away especially bitcoin and bitcoins leading the way,

And that's also fantastic so what's the latest with what's going on with russia and ukraine well this huge 40-mile you know convoy is still approaching kiev and and people are waiting to see what happens is putin getting ready to be is he is he gonna get serious about taking over the city because right now it does seem like the city is being held by zielinski and the military of ukraine and and russia has not had any success in terms of taking over this city but that may change with 40 miles of military vehicles and tanks that is you know that's that's going to be heading there so that is still that's that's still the latest news on you know on this invasion and we'll have to see i mean there's basically attacks on three fronts right now on the capitol you have kharkiv,

Which is another the second biggest city that's also being defended right now and i believe there's a third city i'm not sure the name but there is all basically a three-front attack right now but 40 miles of military that's just that's just a lot that is a lot of tanks and everything else so we'll see where this goes so there's of course still uncertainty out there there's still a lot of fear there's no doubt there's still a lot of fear this is still ongoing however russia themselves from an economic standpoint is facing complete destruction right now not maybe from a military perspective but financially they are seeing total devastation russia is seeing their currency ruble fall in fact it fell 30 yesterday and today it felt even more,

Although i didn't see any statistics but it's been falling the stock market is still closed in fact the website to their biggest exchange is simply shut off it's not even it's not even accessible anymore so obviously they you know the russian central bank closed their stock chain yesterday and looks like it's closed today too because if this is open i mean again it'll be total devastation so i mean it's i don't think this is turned off by mistake so yeah that's what's happening bank run is happening citizens are pulling ruble out of the out of their bank accounts right the russian banks have increased interest rates from nine point five percent to twenty percent think about it twenty percent,

But that doesn't do a whole lot when the ruble itself is crashing thirty percent day to day right but it's happening right now and also a lot of western companies are pulling away bp shell pulled away right and russia is trying to stop it actually they're actually trying to i don't know how they're going to but supposedly they're going to place some new rules in place so that if you are a western company and you want to exit your position you can't i don't know how they're gonna enforce that because there are so many that are pulling away and even visa mastercard is joining in think about it two biggest credit card companies on earth pretty much used worldwide,

They are blocking russian banks from their networks also so essentially you're not able to use credit cards anymore in russia right so if you're a citizen russia you just don't have a lot of choices right now your fiat is devaluing itself at a at a tremendous rate your investments including the stocks are are getting slaughtered and now you can't even do anything you can't even spend your money right what can you do well you could turn the bitcoin that's what you could do and that's exactly what's happening right so if you look at ruble denominated bitcoin vol e search a nine month high and i'm pretty sure this is gonna continue to search higher and higher, 

Because what else can't you do you turn to bitcoin that's what you do right early place your only super chat is super chat all right thank you but yeah that's exactly what's happening so unfortunate the the ward invasion is an unfortunate thing right now all right and hopefully it comes to conclusions soon but from a economic standpoint russia is is going back to you know being a third world country unfortunately its citizens are being punished for a war they don't even want right so right now what they're doing is they're turning the bitcoin in crypto so that's you know that's why i believe we're seeing what we're seeing.