Putin Recognizes Two Breakaway Regions, Biden Responds With Sanctions

U.S. markets are closed for the Presidents’ Day holiday, but futures are trading and sunk to session lows following the news, with the Nasdaq 100 down 1.9% and the S&P 500 off 1.25%. Bitcoin had managed to climb to over $39,000 after dropping to a three-week low of $37,200 early Monday morning, but has now dipped back to $38,200.

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