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- Russia-Ukraine War is still active and at present, situation is not likely to get suppressed soon, although Zelensky, Ukrainian President, is about to address Security Council of UN today.
- Since commencement of this war, crypto as well as incumbent financial market has remained on a boat sailing high tides.
- As of this writing, Bitcoin was trading at a market value of $47070.01, bullish by 1.88% in previous 24 hours.
Amid Russia’s chaotic invasion of Ukraine, financial and crypto market is not looking steady. But in case of crowned asset Bitcoin, it remained range bound to some extent.
Russia has witnessed a myriad of sanctions from all over the globe, which eventually struck the Russian ruble like a lightning strike.
Recently, kick back of commodity prices eliminated the damages it received amid this war.
As of this writing, Bitcoin was trading at a market price of $47070.01, bullish by 1.88% in previous 24 hours.
While this chaos continues, here is what the Bitfinex Trading team has to offer regarding Bitcoin and the incumbent monetary markets.
“Quietness pervades cryptocurrency markets as bitcoin remains in a tight trading range. Whether this is the calm before the storm remains to be seen. Traders across all asset classes are continuing to weigh events in Russia-Ukraine and the impact of sanctions against Putin’s regime. Volatility will most likely return to bitcoin – and the incumbent financial markets – amid continuing geopolitical risks and growing concerns on the economic outlook.”
Bitfinex is a Peer to Peer crypto exchange, founded in 2012. Bitfinex provides cryptocurrency trading services to digital asset traders worldwide. This platform has established itself in a robust place now in the crypto sector, and Bitfinex Trading Team consists of expert crypto enthusiasts.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
