A month got over on war between Ukraine and Russia. Here I would like to point out things that happened with bitcoin during this time period.
- The market was moving around $39k and on the sudden invasion of Russian force into Ukraine the markets crashed close to $35k.
- Coinbase paid a hacker $250k for saving a billions worth cryptocurrencies. If this has happened the market would've turned downwards further.
- Western Nations decided to cut off Swift from Russia.
- Once again eBay came with the plans of accepting bitcoin as payment, but this has been a story for long years.
- Sanctions made over Russia and this time US asks cryptocurrency exchanges to follow the same rules of sanctions. The same is being requested by the Ukraine Vice Prime Minister.
- Russian people started to use cryptocurrencies as a way to overcome the sanctions.
- Visa and MasterCard stopped their services in Russia.
- Women's Day event took place around the globe with different surveys detailed the increase of women into cryptocurrency.
- Biden Signed the Crypto executive order which made the market progress to small extent.
- A bitcoin address holding 489BTC got active after a 11.4 years.
- Elon Musk made a tweet of holding bitcoin and ethereum, mentioned he won't sell it. This time his tweet didn't made any impact on the market.
- Official announcement on receiving donation in terms of cryptocurrencies were posted by Ukraine Government. Until now more than $65million received.
- Ukraine's President Volodymyr Zelenskyy signed the law to officially legalize cryptocurrency.
- Crypto.com is now an official sponsor for the FIFA.
Even more incidents took place during the same time period. If something to be added please post it, I'll add to the list.
Do you think that all these events are responsible for the bitcoin price movements ? I don't think that bitcoin sole depends upon the fundamentals. These are only the news which the whales and institutions takes in combination of lots of other factors to derive the market in certain direction. The mission is always the same, whales/institutions and exchanges to make more money from the retailers.