Cardano’s ADA Dives 18%, Leading Plunge in Cryptos as Russia Begins War With Ukraine

Rudd Feltkamp, CEO of crypto trading bot Cryptohopper, has a different view, reminding that markets generally do a good job of discounting big news. “If you look at major historical events and how the stock markets react, there is not an extremely large action/reaction,” he told CoinDesk in an email. “For example, after the attack on Pearl Harbor, the markets ‘only’ fell 3.8%. However, the run-up with the associated uncertainty seems to have a more significant impact.”