The crypto market made massive progress in 2021, but we can see significant swings that have scared many crypto investors in 2022. The price of Bitcoin has dropped below $31,000, and many investors panicked. But don’t run from crypto before you read the article.
Besides the article, do you guys realize in what kind of mess our world is right now? If we think all the stuff that happened and that keep happening I think it's incredible to have bitcoin at this current value. Should have happened this situation 4-5 years ago probably at this point we'd be at -90%.
It is true the world economy is in serous trouble since Ukraine war broke out and since then all financial markets are consistently declining however Bitcoin looks stable between 28-31K that reflects its in herent strength but most of market participants think that further escalation of Ukraine war will consequently result in further increase in crude oil prices which can potentially cause panic selling in stock & crypto market.