Global financial markets and crypto markets were pummeled over the past 24-hours as the invasion of Ukraine by Russian forces sent investors scrambling and sell-offs took place across most asset classes. Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin (BTC) hit a low of $34,333 in the early trading hours on Feb. 24, shortly after the Ukraine incursion began, and has since climbed its way back to $38,500 after an unexpected short-squeeze may have rapped… Source link

BackyardProduction/iStock Editorial via Getty Images In recent articles I have been critical of the thesis that Bitcoin (BTC-USD) will become a world currency. The coin fell 50% after I got in ahead of the regulation weakness and I still see the coin being shut out by governments. But if Central Bank Digital Currencies (CBDCs) become a reality then there is a place for Ethereum (ETH-USD) as a dominant blockchain. Ethereum could be a better store of value Ethereum in the cryptocurrency… Source link

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Bitcoin (BTC) edged higher after Wall Street opened on Feb. 24 with Russia’s Ukraine invasion and its aftermath still top on markets’ agenda.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Risk sentiment set to be “dominant driver” in crypto Data from Cointelegraph Markets Pro and TradingView showed BTC/USD nearing $36,400 on Bitstamp two hours after the opening bell, up to $2,000 from its recent lows. Skittish markets faced the music from Russia’s overnight incursion into… Source link

Cryptocurrencies including bitcoin and ethereum nosedived on Thursday morning as investors reacted to Russia’s ruthless invasion of Ukraine — then made a dramatic recovery in the afternoon.  Bitcoin fell about 4.5% on Thursday morning before surging to trade 3.2% in the green at $38,500 late Thursday in New York. Meanwhile, ethereum fell 6% to about $2,430 before recovering to be up 2.3% at $2,650 over the same period of time, according to Coinbase… Source link

What happened  It’s safe to say the cryptocurrency market is crashing today as the market sells almost every asset class on news of Russia invading Ukraine. The riskiest assets, like cryptocurrencies, have been among the hardest hit.  In the last 24 hours, Bitcoin ( BTC -3.38% ) has fallen as much as 11.2%, Ethereum ( ETH -4.42% ) fell 15%, Dogecoin ( DOGE -7.41% ) dropped 18.2%, and Shiba Inu ( SHIB -8.69% ) fell a whopping 20% at its low. The selling hit peak… Source link

Monero Classic (XMC) gets a bullish rating from InvestorsObserver Thursday. The crypto is up 178.63% to $0.1851149167 while the broader crypto market is down 10.36%. Monero Classic has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on Monero Classic! Bullish Over the last five days, Monero Classic has earned a Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment… Source link

Introduced in 2020, the framework seeks to establish oversight of the crypto industry at the EU-level. The proposal, introduced by the union’s executive arm, the European Commission, lays out rules for cryptocurrency issuers and service providers, and even specifies rules for stablecoins (cryptocurrencies pegged to the value of real assets like the U.S. dollar). More ambitiously, the framework seeks to establish a licensing system so that crypto firms can expand through member states with… Source link

Bitcoin (BTC) may yet reenter the $20,000 zone, but the coming weeks could provide a solid buying opportunity, a new report forecasts.  In its latest market update on Feb. 24, trading platform Decentrader laid out the final areas of support between the current Bitcoin spot price and $20,000. Analyst eyes BTC’s 20-week and 200-week MA for cues Military action by Russia in Ukraine has markets in a spin Thursday, with stocks and crypto following a firm downtrend as uncertainty grips Asia,… Source link

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