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
Summary
Urgency
Analytic
Vitaly Kolesnikov
Start trade
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

Bitcoin in limbo

Bitcoin buyers appear to be somewhat confused, as the FOMO currently dominating the market could backfire on those trying to jump on the "last train", — which, in reality

Jakub Novak 15:34 2025-07-15 UTC+2

Crypto week

While Bitcoin and Ethereum are undergoing a correction and doing so rather effectively, lawmakers and cryptocurrency advocates in the United States are preparing for one of the most important weeks

Jakub Novak 11:19 2025-07-15 UTC+2

Trading Recommendations for the Cryptocurrency Market on July 15

Bitcoin has dropped from its all-time high of $123,000 and is currently trading at $117,000, which only increases its appeal. Ethereum has also fallen back below the 3,000-dollar level, after

Miroslaw Bawulski 09:31 2025-07-15 UTC+2

Bitcoin outpaces Amazon in terms of market cap

Bitcoin has reached a new all-time high near $122,000, surpassing Amazon in market capitalization. This event is undoubtedly a landmark moment in the history of cryptocurrencies and traditional finance

Jakub Novak 10:52 2025-07-14 UTC+2

Trading Recommendations for the Cryptocurrency Market on July 14

Bitcoin hit another all-time high above $122,000, continuing its winning streak. Ethereum has also strengthened and is trading above $3,000, but has not yet reached the all-time high. Bitcoin's rally

Miroslaw Bawulski 09:53 2025-07-14 UTC+2

Bitcoin Forecast for July 14, 2025

Bitcoin Bitcoin is showing extreme boldness amid the general market sentiment of risk aversion. However, if such sentiment continues, the upper limit of Bitcoin's growth also becomes visible — 125,190

Laurie Bailey 05:31 2025-07-14 UTC+2

Litecoin is attempting to test its nearest resistance level, Friday, July 11, 2025.

Litecoin, Friday, July 11, 2025. Litecoin managed to break through and close above its pivot level. Although there is potential for a correction, positive fundamental factors provide an opportunity

Arief Makmur 08:00 2025-07-11 UTC+2

Trading tips for crypto market on July 10 (North American session)

Bitcoin and Ethereum traded higher today during the European session, which indicates that yesterday's purchases were not a one-time event and that buyers are still active in the market. This

Miroslaw Bawulski 16:25 2025-07-10 UTC+2

Crypto market shows extremely low volatility

Bitcoin volatility has dropped to a historic low, while Bitcoin itself is trading within 2% of its all-time high. The lack of willingness to buy at current prices could become

Jakub Novak 13:46 2025-07-09 UTC+2

Crypto market resilient despite dollar volatility

BTC/USD is rising again today after yesterday's dip, overall maintaining its bullish momentum. Fundamentally, conditions continue to support BTC/USD growth in the medium term. The global economic and market landscape

Jurij Tolin 14:14 2025-07-08 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.