IndustryEconomyShort News Headlines

Bitcoin Price Falls Below $35,000 After Russia Advances into Ukraine

1 Mins read
Bitcoin Price Falls Below $35,000 After Russia Advances into Ukraine

Bitcoin Price Falls Below $35,000 After Russia Advances into Ukraine: Bitcoin fell below $35,000 Thursday as investors sold risky assets following Russia’s advance into Ukraine.

The world’s largest cryptocurrency by market value fell as much as 8.6% from its 5 p.m. ET level Wednesday, trading at $34,338.57, according to CoinDesk. In recent months, bitcoin’s value has moved more in sync with broader stock markets, because institutional investors view it as a risky asset to hold in times of optimism and sell during periods of uncertainty.

“Today I imagine the markets will open well down, so that correlation is likely to persist,” said Noelle Acheson, head of market insights at crypto lender Genesis Global Trading.

Gold, to which bitcoin is often compared, rallied early Thursday, up 2% to $1,943 per troy ounce.

77 posts

About author
Data Science Engineer & Author
Related posts
Innovation & TechAppleShort News HeadlinesTechnology

Apple iPhone 14 Series Models Preview, Apple Watch Ultra and new headphones, Pricing, Features and More.

14 Mins read
Trending News About Apple iPhone 14 Series, Once again, Apple “forgot” to make an announcement on the website, as the company…
Short News HeadlinesWorld

Queen Elizabeth II has died, Britain's Longest Reigning Monarch, Dies At 96

4 Mins read
Britain’s longest-reigning Queen Elizabeth II has died in Balmoral at the age of 96, after ruling for 70 years. His son King…
EducationShort News Headlines

MP Board Class 10th, 12th Result 2022: How to check result on

2 Mins read
News about MP Board Class 10th Result 2022: MP Board MPBSE Class 10th, 12th Result 2022 Date Updates Even though the exact…

Leave a Reply

Your email address will not be published.