Crypto Currency News

Bitcoin price: experts expect strong volatility in the coming days

At press time, the price of BTC is $42,560.

Bitcoin (BTC) corrected by 3% over the last 24 hours and is moving away from USD 45,000. The leading cryptocurrency continues to feel the effects of the financial fallout from the conflict between Russia and Ukraine, with experts expecting strong volatility in the coming days.

BTC was going through a strong recovery (of almost 20% in just 3 days), but today it had an expected correction. The short -term objective, according to analysts, will be to defend the resistance of USD 42K.

With the Russian-Ukrainian conflict on the scene, many crypto specialists expect a significant boost for digital assets in the coming weeks, both in terms of adoption and listing. In the last hours, the CEO of Galaxy Digital, Mike Novogratz, assured that the war will end up stimulating the use of cryptocurrencies, and will undermine the strength of fiduciary currencies.

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The rest of the cryptocurrencies also had a major correction after what were extremely bullish days. Leading altcoin Ether (ETH) is down nearly 5% and is hovering around $2,820 at press time.

Solana (SOL) and Cardano (ADA) corrected by more than 5% and are trading at $95 and $0.89 respectively. Binance coin (BNB) and XRP, meanwhile, are down just 2% and are trading at $402 and $0.74. Litecoin (LTC), lastly, is down less than 1% and is priced at $110.

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