Bitcoin News; Why is Bitcoin Crashing Now?

 Bitcoin News; Why is Bitcoin Crashing Now?

Why did BTC crash at the moment?

Bitcoin and other major cryptocurrencies have crashed after Russia launched a full-scaleIrruption of Ukraine. The bitcoin price has plunged under$ per bitcoin, down nearly 10 over the last 24 hours, while other top ten cryptocurrencies Ethereum, BNB, Solana, Cardano, and XRP have suffered analogous falls

.$ 500 Billion Crypto Price Crash Bitcoin, Ethereum, BNB, Cardano, Solana, And XRP Are Suddenly In Freefall As Russia Invades Ukraine

. Bitcoin and other leading crypto coins endured a significant drop in share price after investors began jilting mining outfits as China gave out fresh regulations.

Bitcoin (BTC)0.33 (£)

Ethereum (ETH)-0.43 (£)

Tether (USDT)0.30 (£0.74)

Binance Coin (BNB)-3.16 (£268.18)

XRP (XRP)-9.03 (£0.52)

Cardano (ADA)-6.20 (£0.64)

Solana (SOL)-3.49 (£62.70)

Terra (LUNA)1.98 (£37.71)

Avalanche (AVAX)-5.58 (£53.06)

Dogecoin (DOGE)-4.32 (£0.0952)

Polkadot (DOT)-1.15 (£11.99)

SHIBA INU (SHIB)-4.26 (£0.00001800)

Polygon (MATIC)-5.45 (£1.06)

It follows recent crashes brought on by Tesla making a volte-face on accepting Bitcoin as payment for its products and China setting down on original coin immolations, block exchanges, and advising against academic trading.

in its Sichuan fiefdom to shut down fully and likewise told banks to stop supporting crypto deals, in the rearmost surge of restrictions on cryptos. A further blow was dealt when China ordered Bitcoin booby-trapping now the country’s central bank, the People’s Bank of China has effectively banned digital coins after publicizing all deals of cryptocurrencies are illegal.

The decision has formerly had an impact on the global crypto request.