Bitcoin Staggers After Putin’s Nuclear Deterrence Alert Warning

Bitcoin’s price increased momentum early Monday, breaking through the 38,500 barrier zone, but mostly wobbled after Russian President Vladimir Putin’s nuclear deterrence alert announcement. The cryptocurrency attempted an upside run beyond $39,500 and $40,000 but corrected down on Sunday as Russian President Vladimir Putin increased the alert level on his country’s nuclear deterrence in the face of new Western sanctions for assaulting Ukraine. Following a 0.27% decrease on Saturday, Bitcoin fell 3.65% to close the week at $37,704. Additionally, it was a gloomy session for the remaining major cryptocurrencies. AVAX was down 8.07%, while LUNA fell 7.30%. ETH declined 5.84%, SOL weakened 5.12%, ADA fell 3.48, BNB lost 3.65%, and XRP shed 3.92%. Related Article | Russia Said SWIFT Ban Could Be Tantamount To A Declaration Of War Following a sharp upward move, BTC encountered sellers at the $39,500 and $40,000 levels. BTC has begun a downward correction and is currently trading below $38,290. It has now established a new high above the $37,500 support zone. The next critical support level is near $37,200, below which BTC may fall to $36,500. Total crypto market cap at $1.701 trillion in the daily chart | Source: TradingView.com Nuclear Deterrence Drags Down Cryptocurrencies The news of Russia’s nuclear forces being placed on “special alert” and the West’s synchronized response impa...