Bitcoin price today 7/3: Continuously plunging as Russia-Ukraine tension continues to be a hot spot

The conflict in Ukraine continues to escalate affecting the entire global financial system.

Recorded at 16:10 on March 7 Vietnam time, bitcoin traded at $38,199.95, down 2.29% compared to 24 hours ago.

Following the decline of bitcoin, a series of digital currencies also plummeted. Among the top 10 coins by market value, 8 out of 10 coins are down from 24 hours ago.

In the market, 98 of the top 100 coins are down from 24 hours ago.

Anchor Protocol was the biggest loser, losing 27.26% on the day.

Waves is the biggest gainer in the top 100 today with a gain of 5.32%.

Bitcoin continues to be on fire

The conflict in Ukraine continues to escalate affecting the entire global financial system. Ukraine's Zaporizhzhia nuclear power plant, Europe's largest facility, was attacked by Russia, sparking fears of a nuclear crisis.

Investor Arslan Atayev predicts the market will continue to fluctuate. “In my opinion, the scenario of Bitcoin falling to the area below $28,000 is inevitable,” said Arslan Atayev.

Meanwhile, institutional investors are returning to stock up on Grayscale Bitcoin Trust (GBTC) shares as the stock's spot price drop has reached nearly 30%, according to data from Glassnode. .

From December 2021, in a number of weeks can see investors pour money about 10 to 120 million USD into Grayscale's famous fund. Meanwhile, the largest capital inflow, up to 140 million USD, appeared in the end of February 2022.


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