My $DEGEN stats mini app by @cashlessman.eth
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The Ukraine war crisis impacts the cryptocurrency market by increasing volatility. During geopolitical tensions, some investors turn to crypto as a hedge, while others sell off due to uncertainty. Sanctions and restrictions can also drive crypto use in affected regions. Overall, the war causes price fluctuations and changes in investor behavior.
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Oil and gold are moderately correlated. When oil prices rise, inflation often increases, which can boost gold demand as a safe-haven asset. However, their relationship is not direct or constant, as they are influenced by different economic and geopolitical factors.
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