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Bitcoin dropped below $40,000.00 Monday currently writing this article. After hitting the $45,000.00 early this month, it faces a decline of $6,000.00 in a short time of period. Russian and Ukraine hot tensions for the 12th day has made the stock and crypto market more volatile around the globe.
Bitcoin and in general whole crypto market have faced an increase on volatility following stock market these couple months. Current situation happening on Europe mainly has made Bitcoin to drop from it’s all time high of $69,000.00, to $38,000.00 at the moment this article is written.
Despite the massive drop now, there is discussion around web many believing that Bitcoin will gain momentum, as an act on the financial sanctions imposed on Russia.
