Bitcoin Drops to $36,000, Mexico Eyeing Bitcoin Law

Bitcoin remains in a downward spiral, today (February 24) Bitcoin is down 3.21% and is hovering at $36,826.17.

Bitcoin’s negative move this morning came after the Dow ended Wednesday down 464 points, having started the day up more than 100 points. This was the fifth day in a row that it fell due to growing concerns over tensions in Ukraine.

  • The Dow Jones Industrial Average fell 464.85 points, or 1.38%, to close at 33,131.76.
  • The S&P 500 was down 79.26 points, or 1.84%, to close at 4,225.50.
  • The NASDAQ fell 344.03 points, or 2.57%, to close at 13,037.49 points.

Bitcoin price continues to fall after Russia announced the independence of two regions of Ukraine.

The bitcoin price has only experienced a downward trend during this period and has shown no signs of an upward trend. Russian President Vladimir Putin has issued a statement declaring the independence of the two regions Donetsk and Luhansk.

After the announcement was issued The crypto market immediately started a bloody event.

In Mexico, Senator Indira Kempis wants to make Bitcoin a legal means of payment in Mexico. She wants to propose a bill in this regard. The bill is to be based on the Bitcoin law passed in El Salvador.

“It is clear to me that financial exclusion is one of the public problems that few of us have addressed with feasible alternatives, and that this type of technology is allowing us to generate an alternative so that millions of people can be included in the financial system,” adding, “We need Bitcoin to be legal tender in Mexico, because if it is not so, if we do not make that decision as El Salvador did, it is very difficult to take action.”

Indira Kempis

The Spot Market is Open

Thursday, February 24, 2022

Crypto
Updated at
USD
Price

Change

%Change
09.40 BTC36,978.62-1,927.78-4.95
09.40 ETH2,573.32-154.70-5.68
09.40 LTC105.53-5.32-4.80
09.40 BNB367.98-13.23-3.47
09.40 XRP0.70-0.04-5.33
09.40 ADA0.86-0.08-8.23
09.40 DOT16.17-1.11-6.43
09.40DOGE0.13-0.01-5.42
09.40 UNI8.60-0.67-7.23
09.40 LINK13.37-1.11-7.67

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