Cryptocurrencies Officially Crashed! The Needle Turns Red, Bitcoin, Ethereum, Ripple, Dogecoin

Cryptocurrencies have entered a downtrend altogether. Cryptocurrencies are getting their share of tension from the war between Russia and Ukraine with all its speed and severity. In addition, the China-Taiwan and Kosovo-Serbia lines, which continue to stretch, are also testing Bitcoin's war experience.

Although the leading crypto gained strength after the Fed's interest rate decision, it continues to seek stability. Bitcoin, which is considered the ancestor of crypto assets, is trading at $ 23,381 with a decrease of 1.57 percent.

Cryptocurrencies have not seen war since they first came out. The reactions of cryptocurrencies to the war had not been tested. Cryptocurrencies, which were stagnant and in a downward trend in the war between Russia and Ukraine, started to decline again with new war signals.

Those who introduced themselves as experts for Bitcoin, which exceeded the level of 24 thousand dollars, started to draw a roadmap again and determined the target price, support and resistance points.

However, war tensions emerged yesterday, which escalated. Cryptocurrencies started to show decreases again with the war tension.

Bitcoin Seeks Stability

Cryptocurrencies, which entered into a war climate, started to decline. The leading cryptocurrency Bitcoin is trading at $ 23,381 with a decrease of 1.57 percent. Bitcoin is trading 66% behind its historical high of $69,000.

Latest Situation in Ethereum

Although the Ethereum side does not react as much as Bitcoin, it continues its horizontal course. Ethereum is finding buyers at the level of $ 1693, with a decrease of 0.15 percent. Ethereum is trading 64 percent behind its historic high.

Doge and Shiba Still Low

Dogecoin, which is guided by the manipulative statements of billionaire businessman Elon Musk, cannot get rid of the downtrend. Dogecoin is trading at $0.06974, down 1.20 percent.

The Shiba Inu, on the other hand, is not performing well, although it shows small upward movements. The Shiba Inu is trading at $0.00001239 with a premium of 2.4 percent.