![]() ![]() The result is evident before us as bitcoin has come down to the $35K range. Bitcoin had risen to $59K recently, and then suddenly, it began to recede. The journey of bitcoin has been that of success so far, but the recent fluctuations have made it suffer hugely. It was the coin that laid the foundation of the market and led to a road of success for the following coins. Here is a brief overview of the market situation and the progress of leading coins like bitcoin, Binance coin, and other tokens.īitcoin has been the unchallenged market leader since its very first days. If it happens, it will increase investments on higher levels because state-driven investments are more beneficial for businesses. If the officials submit a report of all-good, there are chances that Turkey might also invest in it. There were fears that Russia might ban crypto mining as well Putin’s recent statement has confirmed that there would be no ban on crypto.Įrdogan has ordered a study of the metaverse. The major reason for the suffering of the market before the recent crash was the Chinese ban on the mining sites in China. The fears that have led to the market’s bearishness include ongoing political turmoil in different parts of the world, pandemic situation, the bans on bitcoin mining, etc. The losses since December 2021 have been that of billions of dollars and might continue if the market continues to stay red. The results of this continuous bearishness are evident in the form of losses for most coins in the market, including bitcoin, Ethereum, Binance coin, etc. The global crypto market seems to have taken the same course as it did in December 2021. ![]() XRP and Chainlink, also suffering due to the bearish market, suffered a loss of 2.71% and 4.90% in the last 24 hours.Binance Coin is no different in the bearishness, has lost 3.61% in the last 24 hours.Bitcoin is also going in a recessive mood, shed 2.36% in the last 24 hours.The global crypto market continues to recede as it loses 2.59% in 24 hours. ![]()
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