Bitcoin price drop again

A drop in the price of Bitcoin again is causing some losses for traders and for investors not only in Bitcoin but also in Altcoins where the price fell nearly 2% but the impact of this slight drop was great on many other cryptocurrencies that were performing well lately Last.

It seems that the rumor of Russia accepting payments in Bitcoin has not been confirmed, so some whales sought to reap profits from this rise, as this sudden decline is caused by rapid selling of Bitcoin, and as I mentioned only Bitcoin fell about 2% and reached the price of $ 45,600, as Ethereum fell by almost the same percentage But for the rest of the Altcoins, most of them fell by more, ranging from 2.5 to 4%.

And I think that we are heading for a new downward wave due to the stagnation in the current media momentum around cryptocurrencies, and there are no indications about solving the Russian-Ukrainian crisis, which may cause great concern for many investors, not only in cryptocurrencies, but in many other fields. I read yesterday that Russia has banned the export of foodstuffs to more than 50 countries and there are a lot of problems about gas export payments.

From the above it is clear that we are on the verge of a major change in the economic map in the world and that this great confusion may lose a lot of confidence in the global economic system, which has become greatly inflated.

Looking at that problem, I see that it is in the interest of cryptocurrencies, as we are with this inflation and this confusion in the global economic system, we are heading to decentralization, but the awareness of the people that has begun to form and knows the value of cryptocurrencies in providing financial freedom remains.

Returning to prices, of course, I will mention the Hive currency, which was affected by the decline in Bitcoin, but it was more affected than the rest of the cryptocurrencies, as its price reached $ 1.1, with a decline of almost 7%. There is no big problem with that as long as we are still above the level of one dollar where We hope that we will continue at this level and that the decline that occurred in Bitcoin is only a correction.