Bitcoin Falls As Russia-Ukraine Tensions Escalate
With the recent increase of volatility in both stocks and cryptocurrencies, many investors are turning towards more stable assets such as gold. Cryptocurrencies showed no signs of slowing down as the week progressed with geopolitical tension, with Bitcoin briefly dipping below $40,000 for the first time in two weeks. Ether declined 5%, Dogecoin 4.5%, and Shiba Inc 6.5%. Related Reading | Bitcoin On The Way To $38,000 Amid Global Uncertainty In the past, China and American regulations influenced the Bitcoin price. However, it appears that this time around, investors are ditching....
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Geopolitical tension over Ukraine has roiled global markets, but digital currencies took a worse beating than most other assets on Tuesday. Bitcoin is currently down by 3% to $37,495. The world’s biggest cryptocurrency today sank as low as $36,370 during morning trade and has not yet pared its losses today – though it did manage […]
The crypto was red on Wednesday night but took a nosedive on Thursday morning when it became clear that Russia was attacking Ukraine. Yesterday, US stocks went into freefall as tensions in Ukraine continued to escalate. The SPX500 (-2.25%), DJ30 (-1.69%), and NASDAQ100 finished heavily red with investors fleeing safer assets. Tensions have been high lately due to the ongoing crisis between Russia and the West, which poses an increased danger that could affect many different aspects of life around planet Earth such as trade agreements or even violence between its citizens at home base....
The escalation of tensions between Russia and Ukraine continues apace, and all global markets have plummeted today. During this crisis, the leading cryptocurrency Bitcoin (BTC), which was trading for $34,000 at the time, retreated then recovered. This, according to a well-known analyst, is the perfect time to invest in Bitcoin. Bitcoin Falls Following Tensions Bitcoin rose little after Wall Street began on February 24, with markets still focused on Russia’s invasion of Ukraine and its aftermath. BTC/USD was nearing $36,400 on Bitstamp two hours after the opening bell, up $2,000 from....
Bitcoin plunges below $40,000 in the early hours of the weekend and proceeded to backpedal in the face of escalating tensions on the Ukraine-Russia border, not to mention ongoing inflationary unease. At the time of writing, the world’s most popular cryptocurrency was trading near $38,700, down 3.4% in the previous 24 hours and at its lowest level since February 3. Bitcoin had been holding solidly above $40,000 in recent days, however Friday’s decline was the first time since February 4 that it fell back into the $30,000 region. Ether and nearly all other major cryptocurrencies....
JPMorgan Chase CEO Jamie Dimon says the tensions between the U.S. and China and the Russia-Ukraine war are “far more concerning than whether there’s a mild or slightly severe recession.” He stressed: “I would worry much more about the geopolitics in the world today.” JPMorgan Boss Jamie Dimon Warns of Something ‘Far More Concerning’ Than Recession The CEO of JPMorgan Chase, Jamie Dimon, talked about something worse than an economic recession Tuesday at Saudi Arabia’s Future Investment Initiative conference in Riyadh, an annual event sometimes....