I have a few theories…
1 — no one really gives a shit about Ukraine (it’s all virtue signaling anyway), and has bought the scare.
2 — the large hedge funds, banks, and the usual Pelosi-types already bought the crash after shaking out all the retail investors due to the Russia, Russia, Russia insanity in the media.
3 — covid is now the thing of the past, the Fed has been given the ‘out’ to raise interest rates, so retail are now buying back into the market
BUT … the oddity is both Gold and BTC is up by a very large amount.
Gold +1%
BTC +10%
All this in the backdrop of sanctions and the cutting off of Russia from the DS financial system.
I have a little of Stellar, Algo, Tezos and ATOM as side-bets in a cold wallet. I had ditched Cardano last year as they were too busy going around doing woke shit in Africa rather than improving the tech and delivering on promises.