Should You Buy Bitcoin After It Falls to $36.4,000 Following Russia’s Expected Incursion into Ukraine?


  • Bitcoin fell to one of its lowest points for the month on February 22 in the aftermath of Russia’s expected incursion into Ukraine.

  • Bitcoin fell to $36,400, which was its lowest price since Feb. 3.

  • Since then, the token has gone up in value, but it’s still priced low enough to make it a solid investment.

Bitcoin is the largest cryptocurrency by market capitalization, and its price movements and price fluctuations have a real impact on the entire industry.

This basically means that if BTC drops in value, we may see similar activity in many other cryptocurrency projects. That said, Bitcoin has seen one of its last declines in value.

Bitcoin drops to $36,400 due to fallout from Russia’s planned incursion into Ukraine.

Volatility in the Bitcoin (BTC) cryptocurrency token was elevated as Russian President Vladimir Putin delivered a nearly hour-long speech on the state of the conflict in Ukraine.

Putin recognized the two breakaway republics in the east of the country and ordered Russian troops to enter what is still officially Ukrainian territory .

Stocks, as well as risk assets, fell as a direct result, as Russian businesses predictably suffer from nervousness over a possible escalation in full-scale war. This also caused the Russian ruble to fall.

However, this has also caused Bitcoin to decline in value, and Bitcoin is currently at one of its lowest value points, which could make it a solid opportunity for investors who may have been waiting for another low. ‘Entrance.

Market commentator Holger Zschaepitz said: “It looks like Bitcoin will not be a safe haven in geopolar crises. Digital gold (Bitcoin) fell to <$37,000, while gold rose >$1,900/oz.

Should you invest in Bitcoin (BTC)?

On February 22, 2022, Bitcoin (BTC) had a value of $37,131.66.

In order for us to see exactly what this point of value means for the BTC cryptocurrency token, we will review its high point of value alongside the performance the token has exhibited over the past month.

The peak value of Bitcoin (BTC) was on November 10, 2021, when the token reached a value of $69,044.77. This means that at its ATH, the token was $31,913.11 or 86% higher in value.

When we review the performance of the token throughout the previous month, Bitcoin (BTC) hit its highest point on January 2, when it reached a value of $47,730.23.

The token’s lowest value point of the month was on January 24, when it reached a value of $33,495.91. Here we can see a decrease in value of $14,234.32 or 30%.

However, from January 24 to February 22, we can see a difference in value, an increase of $3,635.75, a value point that still indicates that the value of the token was above its lowest point last month. .

With this in mind, Bitcoin (BTC) may climb back up to the value of $40,000 by the end of April 2022, assuming the Russia and Ukraine issue is resolved. Bitcoin might also drop below the $37,000 value again, which is a signal to reconsider the token.





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