The price of Bitcoin has dropped to below $35,000. This is the first time the price has dropped to such a low since July 2021. And, this rapid fall can be attributed to Russia beginning its military operations in Ukraine. The price nose-dived after President Vladimir Putin announced a “special military operation” in Ukraine. Analysts had earlier predicted this decline when tensions between the two nations were on the rise.
According to data from CoinMarketCap, the total cryptocurrency market cap has also lost roughly 5% in the last 24 hours, bringing the total market cap down to below $1.6 trillion.
Bitcoin is the world’s most valuable cryptocurrency that was at $69,044 ATH in November 2021. But this very popular coin has declined almost …
Continue reading on CoinQuora
Source: Cryptocurrency - investing.com
