Quote from: lepbagong on Today at 02:36:59 PM

Quote from: BenjaminGlover on February 24, 2022, 11:39:39 AM

Quote

Why is bitcoin losing value at a time of conflict? Isn't it intended to do the opposite?

I think all problems are not just conflicts that can affect the correction of bitcoin, but usually those problems are related to countries that have a role in crypto as well, as well as large corporate institutions that also play a role in crypto.
everyone will usually be in a panic situation and immediately release their savings which causes the market to go down.
but this will not have a long impact will return to normal again.

Bitcoin is neutral in terms of political or international conflict but there is something during the conflict that will influence the price of the Bitcoin market which leads to FUD and major sell the market an example is some people who want Binance and Coinbase to ban Russians from trading platforms.
Another one is the Ukraine airdrop crypto fund if such crypto is sold at once it will impact the market although the market is already on the verge of market correction.