Russia has a lot of volatility across markets, especially bitcoin.

We have covered extensively the relationship between the volatility of the equity market and the price activity of Bitcoin since the beginning of the new year, as the inverse relationship between the price of Bitcoin and VIX has remained extremely strong. The market has reacted to Putin's speech since yesterday, recognizing the independence and sovereignty of the Donetsk People's Republic and the Luhansk People's Republic.

At the time of writing, Bitcoin is currently 43% below its altitude, with other assets being hit late. Below we compare Bitcoin's performance with the all-time major, selective technology stocks across Google, Amazon, Microsoft, Tesla, and Facebook.