Hello Dear @crypto.piotr. This is a really interesting topic since most of the investments in many countries nowadays are taking cryptocurrencies as a reference and as always at the top of them the bitcoin even if its popularity is going down a little bit. One of the reasons explained by the FED has to do with the fact that cryptocurrencies such as bitcoin and etherum are behaving in the market in a very similar way to treasury bonds. In this case the FED is talking about its intention to reduce the balance sheet in Q1 2022. However, I agree with you that this should not be the only cause.

The second reason seems to me the most logical in terms of the socio-political situation in Kazakhstan, if we think about it, since there is a considerable volume of miners there, who can no longer operate due to the lack of minimum conditions and high interest rates and are moving to another part of the world to continue their operations, logically they must carry out sales actions in large volumes to be able to move and find a new place to operate. This situation may extend for a few more months as it is not easy to locate a new mining site and it seems that the problems in Kazakhstan are only getting worse. From politics there are reasons to think that this may be a strong consequence for the bitcoin crash. In this country (Kazakhstan) Russia has leased a spaceport for $115 million per year hence Russia's interest in sending troops to end the conflict within Kazakhstan. This cooperation between the two countries has its core in the commercial relationship and the future of Russia's space travel and its desire to venture into space tourism, one more reason to invest in cryptoassets, another point is that economically speaking in Kazakhstan there is uranium and oil that is also extracted in cooperation with Russia in this sense with the help of the Russians is already planned the construction of a nuclear base in Kazakhstan all this keeps the market of both cryptocurrencies and international stock exchanges in a strong tension because we are talking about two major investments in minerals and energy on the one hand uranium and on the other oil that have been affected by the unrest.

Some economists say that after the first quarter of the year there can be a very important rebound of bitcoin if investors are able to withstand the pressure and create long-term orders, which from my point of view is a great challenge, it is mentioned that by closing the short-term orders and generate new long-term orders can stop the impact of the massive sale and recover rates, there are those who mention that it can reach a rupture that exponentially reaches $ 90,000. Now we will have to wait for the banks and the Federal Reserve to slow down the attack a little to make it clear what the reason or reasons really are, I think it is a mixture of both plus Russia's interest in Kazakhstan's energy reserves.