Bitcoin falls 6% due to the attack on Ukraine and is close to the minimum of the year

©Reuters. Bitcoin falls 6% due to the attack on Ukraine and is close to the minimum of the year

Madrid, Feb 24 (.).- The , the most traded cryptocurrency in the world, falls 6% this Thursday and is approaching the minimum of the year after Russia has begun a military operation in Ukraine, a movement that has caused the collapse of the world’s great stock markets.

Shortly before 1:00 p.m. GMT, the cryptocurrency is trading at $35,230, down 6.1% from the last close, 25% 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 the last week, in which the news of the conflict in Ukraine has marked the evolution of the stock markets, it has lost 11.4%.

With today’s fall, it is approaching the $32,970 that it marked on January 24 and which represents the minimum of 2022 and a level that the cryptocurrency has 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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