empty
22.02.2022 07:09 PM
Bitcoin could plunge to $18,000 amid escalating conflict between Russia and Ukraine

This image is no longer relevant

With the escalation of the conflict between Russia and Ukraine and the entry of Russian Federation troops into the DNR and LNR, Bitcoin could retreat to $18,000. The crypto market and stock markets reacted sharply to yesterday's escalation of the conflict and started to drop.

Bitcoin and many other altcoins have begun a total decline over the past 24 hours, with digital gold falling below the support level of $37,000.

The total capitalisation of the entire crypto market lost more than $100 billion overnight and fell by about 6%. World leaders have taken a very negative view of the growing conflict and have already prepared a package of sanctions.

There is panic in the crypto market, but many crypto-enthusiasts have backed Ukraine and said a full-fledged, long-awaited bear market has finally arrived.

They believe that now that Bitcoin could fall by half and there would be an ideal entry point for all those who didn't buy it in time.

The author of the Black Swan theory, Nassim Taleb, compared the situation of escalating conflict to the old adage "Hannibal at the Gates", which puts fear into the enemy. In this case, the adage applies to both the cryptocurrency market and the stock market.

Taleb believes that in this extraordinary situation, Bitcoin is the opposite of a major hedge asset and safe haven. Unfortunately, the cryptocurrency market will continue to react very sharply and prickly to the escalating geopolitical situation in Ukraine.

Ethereum founder Vitalik Buterin has also called on the countries for peace and does not support an escalation of the conflict. Buterin believes that an imminent conflict could cause immeasurable damage to the two countries and to humanity as a whole.

Many stablecoins and altcoins could see their prices sag significantly, while new cryptocurrencies will fade into the shadows and stop gaining. Bitcoin currently trades at $37,800.

However, many analysts are confident that this is just the beginning of a downward rally, which will be bolstered by rising inflation, a possible all-out war, and a fall in the Asian stock market.

Aaron Chomsky, Head of Investment Department, ICB Fund, believes bitcoin can drop as low as $17,000-18,000 and stay at that level for at least 3 years. This could be the last ideal buying opportunity for all those who haven't made it sooner.

Vitaly Kolesnikov,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Why Bitcoin's fall not over yet

Despite the recent growth of the cryptocurrency market, larger upward prospects and a return of Bitcoin to the $100,000 mark remain unrealistic for now. This is evidenced by data from

Jakub Novak 10:00 2025-03-25 UTC+2

Trading Recommendations for the Cryptocurrency Market on March 25

Bitcoin and Ethereum have reached significant levels but failed to hold them. Bitcoin climbed to $88,600 before pulling back and now trades around $86,600. Ethereum also corrected after another failed

Miroslaw Bawulski 08:26 2025-03-25 UTC+2

Bitcoin and Ethereum show signs of revival

Bitcoin and Ethereum are back in recovery mode after traders took a pause over the weekend. While the latest movement hints at a return of bullish sentiment, it is still

Jakub Novak 12:27 2025-03-24 UTC+2

Wave analysis of BTC/USD on March 24. Bitcoin going on with its correction

The BTC/USD pair has managed to halt its recent decline. The current wave pattern now suggests a potential short-term upside for the world's leading cryptocurrency. Wave structure signals a correction

Chin Zhao 10:01 2025-03-24 UTC+2

Trading Recommendations for the Cryptocurrency Market on March 24

Bitcoin and Ethereum experienced a notable increase today after a relatively sluggish weekend, indicating a growing investor risk appetite even during these uncertain times. Recent data on inflows into spot

Miroslaw Bawulski 08:54 2025-03-24 UTC+2

Pressure Returns to Bitcoin and Ethereum

Following Trump's speech at the crypto summit yesterday, pressure on Bitcoin and Ethereum has returned. Another factor contributing to this was a renewed sell-off in risk assets on the U.S

Jakub Novak 10:22 2025-03-21 UTC+2

Trading Recommendations for the Cryptocurrency Market on March 21

Bitcoin and Ethereum once again struggled to overcome key resistance levels, preventing a short-term upward trend in these assets. Their inability to even hold near weekly highs also points

Miroslaw Bawulski 08:16 2025-03-21 UTC+2

Technical Analysis of Intraday Price Movement of Bitcoin Cryptocurrency, Friday March 21, 2025.

With the appearance of Divergence between Bitcoin price movements with the Stochastic Oscillator indicator and the Bullish 123 pattern followed by the Bullish Ross Hook (RH)), in the near future

Arief Makmur 06:18 2025-03-21 UTC+2

Technical Analysis of Intraday Price Movement of Ripple Cryptocurrency, Friday March 21, 2025.

If we look at the 4-hour chart of the Ripple cryptocurrency, there appears to be a Divergence between the Ripple price movement and the Stochastic Oscillator indicator and the appearance

Arief Makmur 06:18 2025-03-21 UTC+2

Bitcoin aims to hit $90,000

Following yesterday's Federal Reserve meeting, where the central bank ran out of strong arguments to keep interest rates high, Bitcoin and Ethereum have resumed their bullish movement. Despite the Fed's

Jakub Novak 09:32 2025-03-20 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.