Bitcoin and Crypto Market Tank 7% As Putin Announces Military Operation in Ukraine - BitcoinEthereumNews.com
Bitcoin क्रिप्टोBitcoin and Crypto Market Tank 7% As Putin Anounces Military Operation in Ukraine02 / 23 / 2022बिटकॉइन एथेरियम समाचार Bitcoin (BTC) and the broader cryptocurrency market have entered yet another sharp correction as Russia anounces a ‘military operation’ in Ukraine. The broader cryptocurrency market is down 5.35% losing another $100 billion of investors wealth. As of press time, Bitcoin is seeing a sharp 7% drop and is currently trading at $35,150 levels with a market cap of $664 billion. This has extended Bitcoins weekly losses to more than 20%. A similar price crash has been witnessed in the altcoin space as well! All of the top ten altcoins including Ethereum (ETH) are down anywhere between 8-10%. Analysts have been saying that Bitcoin could face a continued downward momentum all the way up to $30,000 and even lower. Bitcoin and the broader crypto market have become unwitting participants in the Russia-Ukraine war crisis. The geopolitical battle between the two countries has affected markets worldwide. Furthermore, the constant swings in good and bad news had induced strong volatility in the crypto market. We have been seeing that the money has been moving out of equity and crypto to risk-off assets Gold. Over the last week, the