Bitcoin Prices Dragged Down By Geopolitical Tensions, Ukraine Nuke Plant Fire
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....
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The crypto market is still reeling as a result of risk aversion triggered by Russia’s invasion of Ukraine. On Monday, Bitcoin (BTC) fell for the sixth time in six days. It has again failed to break beyond the $40,000 barrier. Bitcoin peaked at $39,536 before plummeting to a low of $37,192. It completed the day around $38,850, having found support at $37,000. The news that the White House is set to issue the long-awaited crypto executive order shook crypto proponents on Monday. Crypto EO Comin’ Up According to a source close to the matter, United States President Joe Biden is....
Just recently, Design Bundle, a source of design materials and an online marketplace for designers to develop and sell their work, has released a ranking of the most popular NFTs. On top of its list is Axie Infinity. The NFTs were ordered by the number of times each one had been looked for on Google in a particular month. Axie Infinity came on top of the searches, with 3.86 million searches. Related Article | Bitcoin Prices Dragged Down By Geopolitical Tensions, Ukraine Nuke Plant Bombing Axie Infinity: Love Potion Axie Infinity (AXS) is a Play-to-Earn game in which players can buy,....
The crypto market had been affected by the geopolitical issues that have arisen lately. With the Ukraine-Russia conflict still raging on, various financial markets are still feeling the heat. Sell-offs have been apparent which have led to asset values dropping. However, not all investors are deterred by the current climate. Inflow volumes show that investors […]
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 U.S.-China tensions, the Russia-Ukraine war, higher energy prices, rising inflation, the COVID-19 pandemic and cyberattacks came out as some of the most pressing financial risk concerns. While proponents of traditional finance remain keen on dismissing Bitcoin (BTC) and the crypto ecosystem as financial risks, a survey conducted by the Federal Reserve Bank of New York — one of the 12 federal reserve banks of the United States — revealed 11 factors that overshadow crypto in terms of risk in 2022.Geopolitical tensions, foreign divestments, COVID-19 and high energy prices were found to be....