Cryptocurrency Market Plunges on Geopolitical Tensions

[SilverLance]

Cryptocurrencies experienced a sharp decline on Friday, mirroring risk-averse sentiment in traditional markets due to heightened geopolitical risks. Bitcoin, the largest cryptocurrency, fell below $66,000 after challenging $71,000 earlier in the day. Ether, the second-largest cryptocurrency, also dropped by 8%. Smaller cryptos like Cardano, Avalanche, and bitcoin cash suffered even larger losses, with the market as a whole down nearly 10%.

 

[magnus2022]

As the world economy continue to suffer from political rascality of world leader, so is cryptocurrency also suffer from geopolitical consequences. Am even surprised that the war on Europe is still going on and bitcoin is making continous rapid progress