Bitcoins price ukraine
The crypto community has long hailed bitcoin as an asset to hold during economic or geopolitical issues worldwide. However, the narrative has yet to materialize into reality, with the cryptocurrency continuing to move in lockstep with growth-sensitive, risk-on assets like equities.
Just like Nasdaq is filled with Web 2, it's almost as if the Web 3 narrative has pegged crypto to act similar to the Nasdaq in less certain environments," Ben Lilly, a crypto economist at Jarvis Labs, told CoinDesk in a Telegram chat. Analysts foresee more pain for bitcoin if the geopolitical tensions escalate. According to the latest reports, Russia is withdrawing military forces from near Ukraine. Bitcoin dropped. Image: CoinMarketCap It's not just crypto markets that are spooked.
Although Bitcoin is often touted as a hedge against inflation and economic certainties, it's introduction to traditional finance means that its price movements are increasingly correlated to stock markets. Stay on top of crypto news, get daily updates in your inbox.
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