Facebook Twitter Instagram
    adherents
    • TV
      • Netflix
      • Disney+
      • Amazon Prime
      • HBO Max
    • Celebrities
    • Movies
    • Anime
    • Crypto News
      • Trading software
    • Tech
      • Gadgets
      • Phones
      • Television
    • Reviews Online
    • Contact Us
    Facebook Twitter Instagram
    adherents
    Home » Bitcoin Could Drop to $32,000 Amid Russia-Ukraine War, Financial Expert Warns
    Crypto News

    Bitcoin Could Drop to $32,000 Amid Russia-Ukraine War, Financial Expert Warns

    By Farwa RazaMarch 8, 2022No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The year 2022 started off on the wrong foot when Bitcoin crashed to $38,000 and dragged down the entire cryptocurrency market. The drop wiped out most of the gains made last year, as several currencies traded -50% from their all-time highs. With uncertainty already looming, the war between Russia and the Ukraine caused another drop last month, causing BTC to fall to $38,000 again. The market is sending mixed reactions today as Bitcoin is trying to break above the $39,000 mark. However, BTC is being rejected at $39K, causing it to drop to $38K during today’s trade. The swinging price is affecting the entire market with flashes of both red and green in today’s indices. The war between Russia and Ukraine adds to the burden of the financial crisis for both the stock and crypto markets. There is no bullish trend on the horizon and experts are predicting that being an investor will be tough in 2022. The market has been a mixed bag of emotions this year and is testing the patience of day traders and long-term holders.

    Bitcoin prediction during the period of conflict between Russia and Ukraine

    Financial expert John Squire, a partner at ojamuan AI and Blockchain powered platform, spoke exclusively and predicted that Bitcoin could drop to $32,000 during the conflict between Russia and Ukraine.

    “Bitcoin will fall to $32,000 and then rise to $40,000 and remain stable at $44,000 during the conflict between Russia and Ukraine”, said squire. Continuous: “We will see another big correction (during the conflict period) that could see BTC drop to $32,000.”

    Squire predicted that the last quarter of 2022 could be profitable and that most cryptocurrencies could skyrocket. He continued: “Bitcoin and the rest of the cryptocurrencies are expected to skyrocket by the end of the year.”

    At press time, Bitcoin was trading at $38,738 and is up 0.1% in 24-hour trading. BTC is down -8.6% from the last 30 trading days and is also down -22.3% from last year. It reached an all-time high of $69,044 in November of last year and is down -44.7% from its current ATH.

    Buy and sell Bitcoin and other cryptocurrencies on Binance, the most comprehensive cryptocurrency exchange to safely and conveniently invest in the world’s most traded cryptocurrencies. Sign up and see how simple it is, go to: https://binance.com

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Farwa Raza

    Farwa Raza is a writer who specializes in news articles. She has been writing on wttspod.com for over one years, and during that time she has written over 100+ articles on various topics ranging from politics to entertainment. Her goal as an author is to provide readers with the latest news stories while also providing her own opinion on them.

    Related Posts

    Crypto Trading Bots: The Ultimate Beginner’s Guide

    January 2, 2023

    How to Start Trading Bitcoin – Day Trading, Scalping, Hedging, and Technical Indicators

    August 28, 2022

    How to Buy and Sell NFTs

    July 24, 2022
    Facebook Twitter Instagram Pinterest
    • About Us
    • Contact Us
    • Disclaimer
    • Terms And Conditions
    • Homepage news
    • Privacy Policy
    • Use Of Cookies
    © 2023 ThemeSphere. Designed by ThemeSphere.

    Type above and press Enter to search. Press Esc to cancel.