Bitcoin crashes!

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We must bear in mind that Bitcoin within the great volatility of cryptocurrencies is one of the least volatile of all cryptocurrencies but as it is the largest cryptocurrency at present, its downward trend has affected the entire cryptocurrency market and also consequently to equally affected the stock market and we will make a comparison of cryptocurrencies with Bitcoin to see more clearly the situation we are seeing but we will see its current price of Bitcoin.

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n 24 hours it has had a slight increase since the price was at 33k but the dilemma is because it fell in price but now we will see the cryptocurrencies that have been affected by this trend since it is important to know how this downward trend is affecting.

Ethereum 24h 3.9% 7d -22.4% 30d -39.6% Binance Coin 24h 5.2% 7d -19.7% 30d -30.6% Sunny 24h 5.6% 7d -33.3% 30d -52.5% Polkadot 24h 6.1% 7d-25.7% 30d-40.8%

The movement that happened with BTC 24 hours ago was bullish and it is clear that all other cryptocurrencies benefited.

Why low BTC?

Something that should be made clear is that there are many reasons that affect cryptocurrencies but in this article I will mention those that seem to me the most relevant of which I investigated.

The fed

The Fed proposes three interest rate hikes in 2022 to cool inflation

The Fed is the central bank of the United States that is responsible for making loans to the country's banks.

Russia conflict with Ukraine

In order not to talk much about this subject, I will only say that NATO, the European Union and the United States are making support movements for Ukraine due to Russia's conflict with Ukraine.

Central Bank of Russia

The central bank of Russia proposes to ban the use of cryptocurrencies and their mining, this is very bad news since this generates fear in cryptocurrency buyers and they will begin to sell their cryptocurrencies and also the institutions will sell what will cause the market to fall.