In a televised Human Rights Council meeting on Wednesday, Russian President Vladimir Putin provided a comprehensive public war update. The President further states that the risk of a nuclear war is rising, and insisted that Russia had not “gone mad”, instead it sees its own nuclear arsenal as a purely defensive measure.

Putin added that the United States had placed the so-called “tactical” nuclear weapons in other nations, and not Russia — and that he would protect its territory and its allies “with all possible measures.”

On this news, the crypto market dipped by a small extent with Bitcoin and Ethereum both slipping marginally over 0.1% in the past half an hour, at the time of writing.