There are many reasons for the current situation in cryptocurrency. The main reason is the war that is going on between Russia and Ukraine.

Russia has banned Bitcoin in Russia and there are rumors that they will not be able to withdraw their money from the exchanges. This has caused a lot of people to panic sell their coins, which has led to an increase of Bitcoin's price due to less supply and more demand.

The Ukranian government also banned Bitcoin transactions, but they later reversed their decision due to pressure from locals.

This is a very volatile market, but it should be noted that it's been like this since the beginning of 2017.