'Civil War' Breaks Out In Russia, Crypto Market Will Be Bullish?

<p>&nbsp;"Maybe not now but maybe it will go up in the near future."</p><p><br /></p><p>Unexpectedly, internal unrest broke out in Russia last weekend with a disagreement between the head of the Wagner Group, Yevgeny Prigozhin, and Russian President Vladimir Putin.</p><p><br /></p><p>Reportedly, Prigozhin not only claimed that Russian forces attacked his mercenaries but also threatened to attack anyone who obstructed the movement of his group from southern Russia towards Moscow.</p><p><br /></p><p>However, the Russian Ministry of Defense, which strongly denies the allegations, has accused Prigozhin of attempting a coup while Russia's supreme commander in Ukraine, Sergey Surovikin, has urged Wagner fighters to obey Putin's orders.</p><p><br /></p><p><br /></p><p>As Russia is one of the main suppliers of oil, gas and other raw materials, the civil war could have a big impact on global markets and any drop in stock prices on Monday could send Bitcoin (BTC) and altcoins soaring.</p><p><br /></p><p>While the cryptocurrency market may take longer to react to the situation, the global uncertainty has led many traders to start looking at Bitcoin (BTC) as a safe haven asset.</p><p><br /></p><p>While Russian investors are expected to try to significantly liquidate their digital assets, the country has prepared a new draft law to allow cryptocurrencies for international trade.</p><p><br /></p><p>In context, speculation that Russian aggression could make BTC the main digital store of value has arisen during its war with Ukraine, so a coup may strengthen that argument as internal conflict could worsen the country's financial health.</p><p><br /></p><p>As of this writing, BTC price has plunged by 0.98% to $30,318 in the last 24 hours with a market cap of $588 billion but is still up 14.81% over the past week.</p>