Why Bitcoin Market Crash?

Hello,
In 24 hours almost $205 billion was lost in cryptocurrencies. I will share with you a few reasons behind this.

The main reason behind this is that the Russian Central bank proposed to the government that all use and mining of cryptocurrencies would be a bane in Russian territories.

The US Federal Reserve, arguably the most important central bank in the world, is expected to hike interest rates multiple times through the year to curtail the rising inflation in the country. As a result of this news, there is a sharp sell-off in wall street.

I hope you found this information informative.

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