Bitcoin Sinks 7% As Russia-Ukraine Tensions Rise; On-Chain Data Remains Bullish - BitcoinEthereumNews.com
Bitcoinरूस-यूक्रेन तनाव बढ़ने पर बिटकॉइन 7% डूब गया; ऑन-चेन डेटा बुलिश रहता है02 / 18 / 2022बिटकॉइन एथेरियम समाचार बिटकॉइन की कीमत अपडेट The worlds largest cryptocurrency lost more than 7% over the past 24 hours, trading around $40,700, according to data from CoinGecko. U.S. President Joe Biden warned that there was a very high risk of a Russian invasion in the coming days. The global crypto market lost about 5.7% overnight, or $1.1 billion, currently standing at a total of $1.95 trillion in value. Amidst growing tensions with Russia, Ukraine also passed a law to legalize cryptocurrencies. The move comes just a few days after the Russian government legalized crypto. Ethereum, BNB, XRP and Cardano dropped between 3% and 10% on Friday. Stablecoin Tether sidestepped broad losses and had the highest volumes among its peers over the past 24 hours, at about $46 billion- indicating that traders were favoring safe-haven assets. U.S. 10-year bond yields also sank overnight, according to data from CNBC, while the dollar rose on safe-haven demand. Bitcoin still sees potential upside Despite recent losses, the worlds largest cryptocurrency is still seeing a steady rise in active users, Coingape reported. The data could imply that the currency is set for a sharp rebound from recent