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How War is Influencing the Crypto Currency Market
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[QUOTE="Mika, post: 234227, member: 29399"] Share market moves up and down according to the companies' performance in the market (turnover, sales, revenue, etc.), real estate market depends on factors like demand for properties, mortgage interest rates, etc. However, you cannot really say what moves the prices of cryptocurrencies. Even though it is believed that demand and supply move the price up and down, there are various factors involved. In 2021, Bitcoin price and all other altcoins were going up, then one day Elon Musk suddenly said he will not accept Bitcoin for Tesla because he manufactures gree cars and Bitcoin uses coal to mine. This led to the drop in the price, then China declared war on Cryptocurrency banning all operations including buying, selling, mining, trading, which led to the crash in the market. Cryptocurrency market is very volatile. It can go up with just one good news and it can drastically fall down just due to one bad news. Before the beginning of the way, when Russia proposed ban, the price began to fall, and during the way when cryptos were beig used to send money to Ukraine, and Russia started sellig gas for Bitcoin, the price began to improve. Currently, the ;price has slightly dropped. [/QUOTE]
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