At Thursday's auction, the value of the first cryptocurrency falls below the $ 35,000 level for the first time since the end of January. So, at the time of writing, the BTC is balancing at $ 34,862. At a certain point in the trading session, the coin dropped to $ 34,300. Over the past day, the losses of digital gold amounted to about 8.39%. Bitcoin continues to trade in the red for the second day in a row. Since the beginning of the week, the coin has already lost about 13% of its value.
The spectacular downward trend of the main cryptocurrency was eagerly picked up by the leading altcoins, while the maximum losses were incurred by Ethereum tokens, which fell by 12% to $ 2,300, Binance Coin, which fell by 11% to $ 335, and XRP, which lost 11% and collapsed to $ 0.64.
The main reason for the steady decline in the virtual asset market was the permanently increasing tension in the conflict in eastern Europe. On Monday, the President of the Russian Federation addressed the citizens of the country with a statement that he considers it necessary to recognize the sovereignty of the Donetsk and Lugansk People's Republics, as well as to introduce troops into the occupied territories. Earlier, the heads of the DPR and LPR appealed to the President of the Russian Federation with a request to assist in repelling aggression by the armed forces of Ukraine.
On Thursday, Putin authorized a special military operation in the Donbas. Russian troops are striking at the military infrastructure, aviation, and air defense facilities of Ukraine. The Ministry of Defense of the Russian Federation claims that nothing threatens the civilian population.
On the eve, the Ukrainian authorities reported new cyber attacks on the websites of the government and banks of the country, which were blamed on the Kremlin, and announced the introduction of a state of emergency in the state from February 24.
Recall that since the beginning of 2022, the BTC has lost more than 20% of its value in total. According to the results of the past year, its price increased 1.6 times - from $ 28,900 to $ 46,200. At the same time, in the first quarter of 2021, the value of digital gold jumped by half to $ 58,700. In November, it soared to a historical record of $ 69,000 and then moved to a spectacular decline.
