Greetings to all my dear readers and followers of this important community, today I will be sharing with you a very important topic and it is that the cryptocurrency market has not yet defined its course, that is, it is not yet known if it will definitely enter a bearish or bullish channel and this is because it has shown many ups and downs that make many investors are in the urgent need to wait to see what will happen.
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Since the end of the year 2021 the cryptocurrency market has been immersed in many ups and downs in its values and mainly in the Bitcoin (BTC) cryptocurrency is definitely who marks the course of the market, the reasons why the market is in a total uncertainty are several, but apparently the one that is most affecting is the current situation on Ukraine which is immersed in a possible armed conflict and that can unleash a war between the United States and Russia. But there are also other reasons why the market has been affected and one of them is the attack that the cryptocurrency market has suffered as a result of restrictions that several countries have imposed.
The market is very volatile, for example yesterday the value of BTC was positioned around $37,000 and at the time of this publication it was already around $36,000, this sudden drop was possibly due to the deployment of military troops that the United States recently deployed in Ukraine, alleging that Russia intends to invade this country. It is also important to mention that the traditional market has also been affected by all the tension that has arisen around Ukraine.
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Similarly the problem presented in Kazakhstan has also impacted the world of cryptocurrencies and this with greater emphasis because according to this is the main cause of the collapse of BTC today, keep in mind that Kazakhstan has 18% of the hashrate to be able to mine BTC, no doubt all these situations have generated that the market does not define its course and remains in a constant up and down that affects important investments that could be made and could not be done. Kazakhstan became last year the second world center of BTC mining after China, who was the main center, took important sanctions measures on cryptocurrencies and their mining.
