Today, the price of Bitcoin (BTC) has fallen short of the $ 44,000 resistance level that it tried to break several times. At the time of writing the BTC price has traded down 4.9% to a trading level of $ 40,403.
A decline in BTC prices of more than 9% in three days also dragged the altcoins market to disappointing levels, except for stablecoins assets.
Among the main factors driving the recent decline in prices is due to strained Russia-Ukraine relations. The US Secretary of Defense claims that the Russian military is approaching the Ukrainian border and this has caused BTC liquidity and cryptocurrency assets to increase. Apart from that, other reasons are the continuing worrying inflation data and the announcement of the executive order next week. The order involves the central bank’s cryptocurrency market and digital currency (CBDC).
Despite falling prices by most crypto assets, Baby Dogecoin (BABYDOGE) has jumped more than 13% following the Houbi Crypto Exchange has announced the listing of Baby Dogecoin on their platform.
However, it added that spot trading (BABYDOGE/USDT) will be opened when the Baby Dogecoin deposit amount meets the market trading demand, which will be officially announced in advance. On the other hand, users will be able to issue their tokens starting 14:00 (UTC) on 19 Feb.
BABYDOGE has so far managed to grow in popularity under the shadow of the DOGE coin which is the biggest crypto meme.
