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As the Russian invasion of Ukraine last month has contributed to heightened volatility in the crypto and stock market, Ethereum’s price dropped below $2,500 on Monday.
Ethereum’s price has bounced up and down in recent days, following an immediate drop below $2,400 on Feb. 23 after Russian President Vladimir Putin ordered troops into Ukraine.
The crypto experts believe that the market is reflecting heightened volatility that comes with war. They also point to other factors like the crypto market tracking the stock market, more mainstream adoption, and slumping prices in recent months as contributing to what we’re seeing with crypto prices right now.