Russia-Ukraine Tensions Cause Bitcoin to Drop - BitcoinEthereumNews.com
Bitcoinरूस-यूक्रेन तनाव के कारण बिटकॉइन गिर गया02 / 24 / 2022बिटकॉइन एथेरियम समाचार Why is bitcoin experiencing such a dip as of late? The tensions between Russia, Ukraine, and the United States may have something to do with it. Russia and Ukraine Are Having Adverse Effects on BTC Over the last few weeks, we have continuously seen news reports saying that Russia is potentially on the verge of invading and attacking Ukraine. If this were to happen, the United States has mentioned that it would impose sanctions on Russia and find necessary ways to retaliate. Given the risky nature of the situation – and the risky persona of bitcoin – the asset is experiencing some heavy price dips, with the worlds number one digital currency recently falling from about $45,000 to just over $40K in a matter of days. Edward Moya – senior market analyst at Oanda – explained in an interview: Bitcoin is the ultimate risky asset, and a Ukraine invasion would keep crypto selling pressure going another ten to 15 percent over the short term. Reports from both NATO and U.S. officials say ground troops from Russia near the Ukrainian border have increased heavily in recent days, and thus there is a good chance