Bitcoin’s Value Slumped Amidst Geopolitical Uncertainty

Recent market fluctuations have brought Bitcoin down to $113,000 as it faces several challenges, including setbacks in the Russia-Ukraine dialogue. Economic indicators such as rising inflation and potential interest rate hikes are also impacting cryptocurrencies. This downturn comes amidst a period of uncertainty and geopolitical tensions that have added to investor anxiety. While experts analyze the role of global policy pressures on Bitcoin’s performance, recent developments suggest that the cryptocurrency faces more complex hurdles beyond economic indicators. 100 billion dollar arms deal shows Trump’s commitment to national interests, but he remains silent on the Russia-Ukraine dialogue, adding to market uncertainty. While President Biden aims to mediate, his stance is yet to be clarified. The potential impact of these events on Bitcoin’s future trajectory remains unclear.