The bitcoin market has also been affected by growing concerns about Russia's invasion of Ukraine.
But Bitcoin has been falling in the last 24 hours and is currently trading at around $ 37,794.
But Bitcoin has been falling in the last 24 hours and is currently trading at around $ 37,794.
While people think there should always be a reason why the price of Bitcoin rises or falls, then it would be good to learn to look just a little back and try to explain why the same things happen even when there is no war or any significant negative or positive news? A topic was recently launched in which one member wondered why the price of BTC was rising during the war, and I offered him this answer.
If we look at how the price of BTC has been moving since the beginning of the year, we have at least two sharp falls before this one which is happening now. None of them have anything to do with the war because it didn't exist then, but it also has more than obviously something to do with market manipulation, because someone very successfully regulates the price between $35k and $45 and undoubtedly makes a profit.
But what is the reason for this?
In my opinion, because of the war, most people avoid high-risk assets such as bitcoin and other digital currencies!
In my opinion, because of the war, most people avoid high-risk assets such as bitcoin and other digital currencies!
Until just a few days ago, all the media said that the crypto market in Ukraine and Russia had exploded and that everyone was buying Bitcoin, and that because of that the price was going up. I wonder what has changed in just a few days - although the answer is more than clear, someone has fallen into the bull trap again, for the third time this year.