The Crypto market is full of uncertainties and unpredictability, which is just an inherent part of digital domains altogether. There are certain types of buyers and also certain types of sellers. Everyone is expecting to make significant profits from this opportunistic market that is up for grabs. Social media and bitcoin will highlight some of the latest developments pertaining to the subject in this article. Sometimes the tide may be in your favor, but there will be times when you will end up struggling in the market. It all depends on the market and the trends that dominate such markets. People are beginning to come to grips with the massive potential that the crypto industry carries, and they are also being educated through numerous platforms.
Being in defensive mode is a prudent option that buyers seem to exercise because the geopolitical turmoil is here to stay a little longer. Bitcoin needs to be studied thoroughly by the buyers if they wish to make decisive & informed decisions. This is quite helpful because it is high time when you start realizing the importance of digital assets. Bitcoin is a leading cryptocurrency that remains in the spotlight due to its volatile nature.
Buyers know when to start trading and when to put a halt. This art needs to be mastered by all the prospective traders in order to be able to reap significant benefits that stem from the crypto industry. Buyers have switched to defensive mode owing to the fact that we are currently living in a global economy where geopolitical turmoil is dominating the market.
Price is too high to pay for the war that Russia stoked
The recent war that broke out between Russia & Ukraine has resulted in some of the most debilitating outcomes, which was not anticipated earlier. The recovery from such a massive blow is not impossible, but it will not be a cakewalk either. Ukraine got completely decimated at the hands of Russia and now struggles to sustain itself and its citizens. Millions of lives have already been lost as a result of the internecine war that no one wanted. Russia not only displayed its relentless military prowess but also showed how inconsiderate of a country it is. Bitcoin was not immune to the missiles that Russia launched, and the crypto market tumbled down like a house of cards in the wake of outrageous war.
Now, traders, investors, online participants & active users are beginning to hope for the situation to deescalate so that there could be a possible way to make a comeback. Geopolitical turmoil has always wreaked havoc on the crypto market, and it is an undeniable reality that users have come to grips with. Nonetheless, all is still not lost as the use of cryptocurrency seems to thrive simultaneously. It came in the form of massive donations that Ukraine is the recipient of. Such colossal donations came in the form of Bitcoin, which provided the country a much-needed leeway and hoped to make it alive during the war.
What happened to Bitcoin in the wake of the war that pushed buyers into a defensive mode?
Dogecoin seems to be a little more stable in comparison to Bitcoin as the latter fell by almost 45%. People consider Bitcoin as a defensive asset, but by the looks of it, Bitcoin is anything but a defensive asset. However, there are other cryptocurrencies that can be relied on, which have also proven to be of great value to the stakeholders. Now, it is only a matter of time before the dilapidated situation in the crypto market will come back on track. Till then, being defensive is the only option that buyers seem to have at their disposal.
As far as smart investors are concerned, they have begun to invest in exchange tokens. Hence, conducting fundamental analysis of the market is advisable before making any big steps. Crypto seed funding is also a great way to remain afloat in the market, which is being adopted by a plethora of entities.
