The $BTCUSD stabilized during the weekend as concerns about a Russian invasion of Ukraine eased.
The pair is trading at 42,352, which is about 7.53% below last week’s high. Other cryptocurrency prices also held steady, with the total market cap of allBitcoin joined other assets like stocks in falling sharply on Friday as investors continued worrying about the ongoing tensions on Ukraine. In a statement, the US government announced that Russia had managed to mobilize the necessary troops needed to invade Ukraine.
The country has placed thousands of troops near its Ukrainian border. It has also allocated other troops in Belarus and the Baltic sea. The main concerns are that Russia fears that Ukraine will become a member of NATO, which it sees as a major threat.and stocks have made some improvements. On Friday, the BTC sell-off coincided with the sell-off of the Nasdaq 100 index. On Monday, the BTC and the tech-heavy index have made some gains.
The BTC/USD pair is also stabilizing as investors continue watching the ongoing inflation worries. Last week, data by the American statistics agency showed that the headline consumer inflation to 7% in January. That was the highest level that inflation has been in more than 40 years. Therefore, considering that the unemployment rate has moved to the lowest level since the pandemic started and inflation has risen, there is a likelihood that the Fed will become more hawkish this year. Historically, risky assets tend to lag in a period of Fed tightening.prices rise. For example, the price of crude oil has risen while other industrial metals have also moved higher.The BTC/USD pair was moving sideways on Monday morning.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Bitcoin inches towards higher weekly close with CME futures gap in focusBitcoin could still lose the higher weekly close BTC bulls are fighting for tooth and nail this weekend.
Leer más »
Bitcoin Supply on Exchanges Hits Lowest in 3 Years After Series of BTC DropsBitcoin exchange reserves have seen a major decline last seen in December 2018 after BTC faced a series of price drops, Santiment names the reason for Friday’s BTC drop
Leer más »
Bitcoin (BTC) Price Stops its De-Coupling With US10Y: What Does This Mean?After almost two years of following each other, Bitcoin has lost correlation to the United States 10-Year Bond Yield rates. But now the two are surging simultaneously
Leer más »
Cardano Outpaces Bitcoin, Ethereum in Transaction Volume; Here Is the DistinctionCardano outperformed Bitcoin and Ethereum in adjusted volumes ADA BTC ETH Messari Crypto
Leer más »
Bitcoin Price Dips, Here's a Positive Sign as Active Users SpikeBitcoin price falls, data shows it's a good indicator as active users rise BTC Crypto Santiment
Leer más »
Netflix to produce a docu-series on couple behind $3.6 billion laundered BitcoinStreaming giant Netflix (NASDAQ: NFLX) has planned a documentary series on the largest-ever crypto theft after the US Department of... Continue reading
Leer más »