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Why Polkadot Was Sliding Today

TheMotleyFool

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The price of Polkadot (CRYPTO: DOT) was tumbling Monday as cryptocurrency investors continued to process the news about the ongoing conflict between Russia and Ukraine, as well as concerns about inflation and potential interest rate hikes.

As of 10 a.m., the price of Polkadot had fallen by 3.5% over the prior 24 hours.

Russia's invasion of Ukraine has sent both the stock market and cryptocurrency market spiraling as investors attempt to assess how a prolonged conflict and financial sanctions against Russia could impact economies around the world.

Source Fool.com

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