With a war in full swing and the traditional financial markets in decline, the price of and the rest of the cryptocurrency market has behaved in a similar way to the rest of the main stock market indices in a difficult week for traders.
This is not surprising, however, as historically the price of in the first quarter of every year since 2013 has been a dismal performer except for the 2017 and 2021 bull cycles, as highlighted by Cryptorank.
For this reason, with a price close to 39k and a pessimistic sentiment on traditional investments, Bitcoin could reverse this trend and accelerate its positive performance in the coming weeks in case the Russia-Ukraine war conflict intensifies.
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