The Current Situation is Still Good

Despite the decline that occurred in Bitcoin today by nearly 3%, the situation is still good in the cryptocurrency market, as we are still above the $40 thousand level and the fear and greed indicator is still good.

My opinion would be different if we were in another situation, but with regard to the current global situation, for me, it is somewhat relative, as we still have many challenges ahead, not only in the cryptocurrency market, but in the global economy as a whole, as no one knows what politicians have in store for us from decisions .

The economic sanctions imposed by many countries of the world on Russia may not only harm Russia, but may also harm many countries, and countries such as China may take precautionary measures to change their economic system.

The same applies to the confiscation of the property of many billionaires of the Russians, which may push many businessmen around the world, especially in China and Asia, to change the course of their investment map because this matter was not taken into account.

In my opinion, the matter for countries is somewhat different. For businessmen and citizens, it is different in another way. We may not see much support for the Russian military operation from businessmen or even Russian citizens, but in the end the decision remains in the hands of the military and politicians, so everyone should be careful.

I also believe that cryptocurrencies will make a difference as an investment option for many in the coming period, as they are the only current assets in the world that cannot be confiscated or sanctioned.

Returning to cryptocurrencies, as I spoke at the beginning, the situation is still good, especially that the weekly percentage is still green, as the weekly rise of Bitcoin is still about 9%. For most currencies, we still have BNB above $400, and Ethereum is close to $3,000, and we also have a Hive. close to one dollar.

Finally, I expect that if political events do not take any upward framework in the coming period, the cryptocurrencies will rise again and continue the momentum that they started a few days ago.