Bitcoin fell before $34 300 against the background of the operation of Russian troops in the Donbass – Bits Media

In the morning 24 On February, by decree of Russian President Vladimir Putin, a military operation began in the Donbass. Stock markets reacted with a sharp fall, Like the cryptocurrency market - Bitcoin fell to $34 300.

Yesterday the course of the first cryptocurrency reached $39 200, But the macroeconomic situation led to the fall of the BTC course. Only gold won from the escalation of a military conflict in eastern Ukraine - over the past month, the price of precious metal has grown almost by 10%, and for 24 February gold rose by 1.72%.

The cryptocurrency market continues to show a strong correlation with the stock market. Of course, not only Bitcoin fell - in the "red zone" all the top altcoins found themselves. Wherein, If the BTC course fell in the moment on 8%, then the course of ETH - immediately on 12%. The smallest decrease demonstrated the Luna coin - 6.5%.

The total capitalization of the cryptocurrency market was reduced to $1.6 TRLN is the lowest indicator since August last year. At the time of publication, the cryptocurrency market was slightly restored - bitcoin is traded in $35 400, And the capitalization of the market is $1.67 trillion.

Earlier, Glassnode analysts warned, that "bear" moods are observed in the cryptocurrency market.