Bitcoin remains around $38,000 while Asian stocks drop
Even as global markets in Asia and Europe fell substantially on the threat of Western measures to punish Russian oil, Bitcoin halted recent losses on Monday, holding about $38,000. On the potential of a Russian blacklist, oil prices soared to their greatest level since the 2008 financial crisis, raising fears of another inflation spike. The […]
Here’s Why the Recent Bitcoin Rally Had Nothing to Do With Russian Sanctions.
Bitcoin’s (BTC) price soared above $44,000 earlier this week amid allegations that fresh US sanctions against Russia were to blame. However, fresh research suggests that claims that Russians are circumventing sanctions by using cryptocurrency are unfounded. The value of ruble-denominated crypto activity on March 3 was $34.1 million, according to statistics from blockchain analytics firm […]
Investment Expert Mark Mobius Reveals Why Bitcoin Price Rallies Amid Ukraine Crisis
Mark Mobius explains that Bitcoin price is rallying on the heels of the massive purchase of Bitcoin by Russians. The latest spike in bitcoin price, according to veteran investor Mark Mobius, can be linked to Russians purchasing into the cryptocurrency. Bitcoin price surged by 10% on Monday as more sanctions are imposed on Russia. “I […]
Bitcoin Won’t Have Another Bull Run until End of 2024 Remarked Huobi Co-founder Du Jun
Du Jun’s claims are predicated on the notion that bitcoin bull markets are inextricably linked to a process known as halving, which occurs every few years. Du Jun’s Assertions In an interview with CNBC over the weekend, Du Jun stated that, based on previous market cycles, there may not be another one for around three […]
Bitcoin Price: Yesterday, Today, and the Future
Bitcoin the first and father of all decentralized digital currency is one whose price is determined by a number of factors. Bitcoin price determinants may range from supply, demand, mining cost and sometimes surprisingly predictions. About bitcoin? Bitcoin is decentralized digital money that was first introduced in January of 2009. It is based on ideas […]