(Updated with data after markets close in Europe)
Madrid, Feb 24 (.).- The , the most traded cryptocurrency in the world, moderates its fall to 4% after plummeting almost to the minimum of the year affected by the invasion of Ukraine by Russia, a movement that has caused the collapse of the world’s great stock markets.
Shortly after 18:00 GMT, the cryptocurrency is trading at $35,928, down 4.32% from the last close, 22% below its level at the start of the year, and almost 50% from the highs of November 2019. 2021, according to Bloomberg data collected by Efe.
In this week, in which the news of the conflict in Ukraine has marked the evolution of the stock markets, it has lost 6.09%.
Bitcoin marked the minimum of this 2022 on January 24, when it touched $32,970, a level that the cryptocurrency had not reached since July 2021.
That day the bitcoin collapsed coinciding with the monetary policy meeting of the Federal Reserve (Fed) and the falls in the main stock markets of the world due to the fear of a tougher monetary policy than anticipated by investors.
eToro analyst Simon Peters explains that investors shy away from perceived risky assets in times of uncertainty and so when uncertainty arises. That is why we have seen that assets such as “bitcoin and some technology stocks have come under pressure over the last week”.
“It seems that investors are positioning themselves for a further drop in crypto assets,” he adds.
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