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.

72 posts

About author
Data Science Engineer & Author
Related posts
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…
EducationShort News Headlines

IBPS Clerk Mains Result 2022: 7885 Clerk Vacancy for Mains Result is Released, Direct Link Here...

1 Mins read
IBPS Clerk Mains Result 2022 Declared, Sarkari Result 2022: This recruitment is to fill a total of 7885 Clerk vacancies in various…
Short News HeadlinesWorld

Live Updates: Ukrainian Officials Report Multiple Missile Attacks in Kyiv

22 Mins read
Russia Ukraine conflict : Leaders try to reassure Ukrainians that they will stand strong. In Russia Ukraine conflict, Ukrainian officials prepared for…

Leave a Reply

Your email address will not be published.