Bitcoin Staggers After Putin’s Nuclear Deterrence Alert Warning
Bitcoin’s price increased momentum early Monday, breaking through the 38,500 barrier zone, but mostly wobbled after Russian President Vladimir Putin’s nuclear deterrence alert announcement. The cryptocurrency attempted an upside run beyond $39,500 and $40,000 but corrected down on Sunday as Putin increased the alert level on his country’s nuclear deterrence in the face of new Western sanctions for assaulting Ukraine. Following a 0.27% decrease on Saturday, Bitcoin fell 3.65% to close the week at $37,704. Additionally, it was a gloomy session for the remaining major....
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This token, named after the surprising hit of 2021, Shiba Inu, has almost no value. Fortunately, the bogus token was spotted early on, preventing Shiba Tron from duping other users. Shiba Tron (SHIBT) is a new addition to the growing pack of meme currencies featuring dogs. A few days ago, the SHIBT coin soared by more than 1,000%, capturing investors’ interest. PeckShield, on the other hand, has issued a warning to cryptocurrency aficionados regarding SHIBT. The contract, according to the blockchain security firm, has a piece of code that restricts token sales to whitelisted....
According to figures from Coinbase and Coindesk, cryptocurrency values have risen nearly as swiftly as they fell, with some analysts referring to Bitcoin’s capacity to act as a safe haven asset during times of global turmoil. The cryptocurrency market cap reached $1.7 trillion today, indicating that the broader crypto industry has rebounded nicely. Bitcoin is active today, trading at $43,232.38, up by 14.40% since Monday. It is within the boundaries of a bullish trend that may affect the cryptocurrency market until the coming weeks. BTC posted a high of $43,760.46 and a low of....
Bitcoin’s price spike, which briefly exceeded $44,500 Tuesday afternoon, is now easing. BTC has retreated to roughly $43,912 on Wednesday, but is still up nearly $10,000 in the last five days and is on the verge of reclaiming January levels. Bitcoin price rose more than 5% Monday as markets processed new developments in Russia’s invasion of Ukraine, despite risk aversion pushing down blue-chip and technology sectors, which cryptocurrencies have been linked to for weeks. Markets may be underestimating the economic repercussions of Russia’s financial isolation. Sanctions....
The cryptocurrency craze has spread to countries across Europe as people search for ways to protect their money from war-torn nations. Data from the crypto tracking site Kaiko shows that ruble and Ukrainian hryvnia-to-crypto volumes have shot up in recent days, reaching multi-month highs. Related Reading | Bitcoin Staggers After Putin’s Nuclear Deterrence Alert Warning The data show that trading volumes in the ruble-bitcoin (BTC-RUB) pair are at historic high levels. Last time we saw the same level was in May 2021. The increase in Ruble-denominated Bitcoin (BTC) trade volumes is....
Bitcoin prices plummeted on Thursday as global geopolitical tensions escalated to unprecedented levels. On Thursday, there was no agreement reached to end the war during the second round of negotiations between Russian and Ukrainian officials. In response to the impasse, markets were jittery, which pushed prices of conventional safe-haven assets up such as gold and the US dollar. Before the Russian invasion, Bitcoin moved in a manner comparable to that of other risky assets such as technology stocks. Related Article | Criminal Whales Hold $25 Billion In Crypto Assets: Chainalysis....