With the cryptocurrency space being such an angsty place, it’s no surprise that patience is rare. Only two weeks ago, Bitcoin rose 15%+ to near $42,000 only for traders, and retail investors alike become frustrated at how rangebound this world’s most significant digital currency has been in recent days with not much movement up or down since then aside from some tiny fluctuations here and there. “Do something!” the crowd cried out in unison as they watched their investments plummet towards $43,000. But be careful what you wish for because yesterday’s latest pullback has put Bitcoin on the reverse track. The cryptocurrency could test resistance at $38,000, potentially sending ripple effects throughout all other markets. Related Reading | Bitcoin Data Shows Profit Taking From Long-Term Holders Behind Decline To $40k The markets are closely monitoring the ongoing situation in Eastern Europe, with Russia playing chicken at their borders. This is leading investors and traders alike into a state of panic as they await further developments on how this will resolve itself; however, it’s not just Bitcoin that’s affected either. The S&P 500 closed down 2% yesterday due to fears about war becoming increasingly likely across there too. All because one man won’t back down from what he believes his country needs – even if its means risking everything else. Russia Is The Key Factor Behind Bitcoin Trend ...
