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On the last 24 hours the bitcoin has collapsed in more than one % and its daily price is quoted at less than $40,000 dollars, it had been at least 6 months since the bitcoin did not fall that low. At this time, in real time, bitcoin is quoted in $38,500 by virtual currency.
Therefore, in the loss represented by bitcoin in the last 7 days is 9.77% of its value . With this drop in bitcoin, the drop in the value of other important cryptocurrencies is also notable, such as Ethereum, which has fallen almost one 14% on the last 24 hours. It is currently quoted at $2,784 dollars.
Solana, Cardano, and Binance have also lost to 10 Y 12% of its value in the last 24 hours. The main reason that experts add to this mass drop has a lot to do with the possibility that the Russian central bank will definitively suspend the purchase, sale and mining of cryptocurrencies.
The proposal of the central bank of Russia was announced yesterday in a report published by the government itself. Cryptocurrencies are alleged to threaten financial stability, the well-being of its citizens and the country’s sovereignty in its monetary policy.
Furthermore, Within the prohibitions, Russia plans to go head-on against cryptocurrency mining on its territory. He assures, in a statement, that the country’s energy consumption is being affected by mining. For this reason, it is highlighted that “the best solution is to ban cryptocurrency mining in Russia.”
For analysts, according to final estimates of the year, the first quarter of 2022 were decisive for achieving the objectives set and not covered in 2021. Analysts remain optimistic.
These expectations of the 2022 have not been hedged so far, even the early days of 2022, bitcoin remained negative and the decline remained around 10%. Although this time, in just 24 hours the decline of the cryptocurrency most popular on the market goes over the 10%.
But in addition to the unexpected announcement from the Russian government, the also influences the announcement made by the US Federal Reserve, on the increase in interest rates, this tightening of monetary policies has brought as an immediate consequence that investors sell their shares of technology companies, highlights an analysis by the news agency Efe.
In this month of January, bitcoin also came to trade above 43,06 Dollars. Fact that still keeps bulls and other investors optimistic.
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