Why Is Bitcoin's Price Falling?
With Russia declaring a military operation against Ukraine, the cryptocurrency market fell, led by Bitcoin. In fact, this is “Why is Bitcoin falling?” We can say that the answer to the question of the last few hours. The uncertainty in the markets is also directly reflected in Bitcoin and other cryptocurrencies. Investors are also withdrawing their instruments at these hours when there is an uncertain environment.
Now all eyes are on the US sanctions. If the sanctions become heavy and the swift line is cut, Bitcoin will become even more active. On the other hand, the meeting to be held by US President Joe Biden and the G7 countries today is also important. Biden will attend an online meeting with G7 leaders on Thursday, February 24, where he will discuss the latest developments in the Russia-Ukraine tension.
If the US tightens the sanctions and cuts the swift line, btc may move up a lot (a small possibility), but if such a possible situation occurs, we need to talk on the air immediately.
We need to follow the NATO meeting closely
The decline experienced on the Bitcoin side was also seen in other cryptocurrencies. How many dollars is Bitcoin trading at as of the writing of the news? How many dollars is the market cap of Bitcoin?
Why Is Bitcoin Falling? – Last Minute February 2022
Having experienced ATH in November 2021, Bitcoin has actually been subject to the questions of 'why is it falling' ever since. Influenced by events all over the world, Bitcoin is now hovering at $34,000. The state of war between Ukraine and Russia affected all exchanges and cryptocurrencies. On the other hand, liquidations in the cryptocurrency market have exceeded $ 400 million in the last 24 hours.
How Many Dollars in Bitcoin?
As of the writing of the news, when we look at CoinMarketCap for the answer to the question of how much is Bitcoin, we see that it is traded at $ 34,743,20. CoinGecko's data shows that it is at $ 34,755.94.
Bitcoin Market Cap (Market Cap)
With the decline experienced on the Bitcoin side, the questions of why it is falling came with it. Bitcoin is the world's leading cryptocurrency by market capitalization. Therefore, information about the market value along with the price is also curious. Bitcoin market cap is at $658,972,579,886.