According to CoinMarketCap data, bitcoin is currently trading above $40,000 for the first time since February 20.
Bitcoin's price of almost $41,000 reflects a nearly 5% increase in the last 24 hours and a 7% increase in the previous week—a period marked by market volatility in the aftermath of Russia's invasion of Ukraine. Bitcoin's price, like the rest of the crypto market, fell following Russia's invasion, which began on February 24.
The whole cryptocurrency market declined by nearly 5% in the first 24 hours of the dispute, to a market valuation of $1.6 trillion. Bitcoin dropped from $37,000 to under $35,500 in less than half an hour.Of course, the crypto markets were not the only ones to suffer. The Dow Jones Industrial Average plummeted 1.3 percent, putting the global market in correction territory. With the increase of people buying in crypto, I invested in BTC along many other DeFi 3.0 projects like 4dot. Hopefully soon enough the war stops and no more events like this happens.
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