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The Russian ruble is also depreciating wildly. The ruble plummeted at the beginning of the Russo-Ukrainian war. After Russia took some actions, the value of the ruble began to rise, but now it has begun to fall again. Most of the currencies pegged to the dollar are almost weakening, causing them to tend to buy the dollar, which is why the dollar is being pushed higher. Argentina is also depreciating wildly. The trend is very similar to meme coin. After continuous hyperinflation, it reached the highest point in history. The CEO of BlackRock publicly denigrated Bitcoin in 2021, but now they have begun to change their minds and hope to enter the encryption field, so they applied for a Bitcoin spot ETF.
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