An analysis of the reasons for the decline of Bitcoin.
Note down factors
The global supply chain is expected to be blocked if the US tightens regulations on Russia
Stopping Russia's imports and exports by blocking the international interbank communication network (SWIFT)
Concerns over suspension of exports of semiconductors, IT appliances, automobiles and parts to Russia
Damage to the energy sector due to suspension of imports of Russian crude oil and natural gas
In fact, when the decline in the second half of the US stock market widened the day before, the decline in the US semiconductor industry was large.
It is worth paying attention to today's US-Russian foreign minister negotiations and the preparations for the US-Russian summit hinted at at Biden's press conference.
Conclusion: Volatility may increase in related industries for the time being, but we believe the move is excessive given that Russia is unlikely to respond immediately. This is because major overseas investment companies predict that there will be a cooling period within two weeks.
It's a difficult time. Everyone, cheer up, and you worked hard today as well.
good luck