Why is Bitcoin dropping today?

Bitcoin and other digital assets have sagged on open conflict between Russia and Ukraine . The latest downturn translates into the value of the cryptocurrency market dropping to $1.75 trillion. Many of the other crypto assets saw even more losses than Bitcoin, averaging around 18-20 per cent.

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Why are Bitcoin prices falling?

The values of risky assets—like Bitcoin—tend to decline in the wake of the Federal Reserve making policy changes to become more fiscally conservative . More broadly, as Bitcoin matures and becomes more widely adopted, the price of Bitcoin is increasingly correlated with the prices of traditional assets like stocks.

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