The price of Bitcoin fell 3.8% on Saturday and Sunday, reaching a low point in the day at $38,000. However, over 24 hours since then, it has increased to around 39,000 dollars while Ethereum’s value decrease was 4.5%. Other top ten cryptocurrencies like XRP and LUNA decreased by 2% and 6.8%, respectively. 

The total capitalization of the crypto market decreased by 3.8%, to $1.71 trillion, according to CoinMarketCap. Bitcoin’s dominance index sunk lower, from 42.9% to 42.3% over this past weekend. 

Related Reading | Bitcoin Drops Below $39,000 As Crypto Markets Tank Over The Weekend

Cryptocurrencies are not immune to politics and the increasingly tense situation between Russia, European Union (EU) & the US. The BTC.COM pool has banned registration by Russian users, which may trigger Bitcoin sales due to its association. This alternative financial system supports EU/US sanctions against Moscow while showing their initiative at times – Switzerland frozen assets if they fall under those restrictions.

Bitcoin failed to overcome the strong resistance of around $45,000 and slowly attracted buyers as stock indices declined. The fighting in Ukraine may continue for another two weeks, likely pressuring all risky assets, including bitcoin.

Bitcoin Price
Bitcoin started the day with a downtrend and is trading below $38,000 | Source: chart from Tradingview.com

Kiyosaki Crypto Investment

The famous investor and writer Robert Kiyosaki have said that the US is “destroying” their dollar, calling for investing in gold. He also recommends bitcoin as a safe haven asset during times like…


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