Bitcoin Financial News

Bitcoin (BTC), ethereum (ETH), and other major cryptoassets trimmed their losses on Monday morning in Europe, as futures pointed to a lower opening for the stock market on Wall Street, Russian financial assets tumbled, and the US dollar rose against most other fiat currencies. Meanwhile, analysts warned that the US Federal Reserve (Fed) could be forced to change course and ease its monetary policy.Meanwhile, delegations from Kyiv and Moscow are holding discussions at the Ukraine-Belarus border today as Kyiv seeks an immediate ceasefire and the withdrawal of all Russian forces from Ukraine. 

As the West continues to impose more sanctions against Russian banks following Russia’s invasion of Ukraine, one Ukrainian official has called for sanctions on Russians’ cryptocurrency holdings as well.

Russia is marching towards Kyiv, the capital of Ukraine. Vladimir Putin has also put his nuclear forces on high alert after the sanctions from the West. However, Ukraine announced to hold peace talks amid the crisis. Barring the US dollar-pegged USD Coin, all of the top digital tokens were trading lower. Avalanche tanked over 7 per cent while Terra tumbled 5 per cent. Ethereum declined 4 per cent.

Nourou is a 29 year old Bitcoiner with a vision for his home country. A former financial analyst for a French Bank, he founded Bitcoin Senegal in late 2021.

Stifel’s Barry Bannister recently predicted that Bitcoin could plunge by 76% to $10,000 by 2023. Agreeing with the headwinds that Bitcoin faces in terms of monetary outlook, Gareth Soloway, President and CFO of InTheMoneyStocks.com, is also placing his high-end target for Bitcoin at $20K. During a recent podcast, he added,

Bitcoin (BTC) is both the first and the most prominent cryptocurrency in the world when it comes to market capitalization as well as trading volume. These factors are quite significant, considering that all cryptocurrencies trade against Bitcoin and Bitcoin’s dominance can actually serve as a valuable indicator when trading all different types of cryptocurrencies.

The crypto industry saw an increase in professional investors at record rates, the Wall Street Journal reported.

prices are holding steady even as the Ukraine crisis shows no signs of easing, with Western nations imposing new sanctions on Russia after President Vladimir Putin refused to stop attacks on its neighbor.Bitcoin was trading at around $39,000, roughly where it started the weekend. It briefly edged above $40,000 on Saturday. Ether was down 3.4% at $2,732. The relative calm in crypto markets follows a global equities rally on Friday that saw the S&P 500 jump 2.2%. With Bitcoin's correlation with stocks near a record high, the trading points to a steady open for Asian equities on Monday — barring a sharp escalation of tensions between Russia and Western countries.

At least USD 18.9m worth of cryptoassets has been donated so far to the Ukrainian government and the nongovernmental organizations (NGOs) providing support to the Ukrainian military after Russia launched an invasion of the country on February 24.

U.S. dollar-pegged stablecoin Tether (USDT) witnessed a spike of over 30% in five days against the Russian ruble — highlighting the negative and immediate impact of the ongoing war on the traditional financial system.

Bitcoin network’s proof-of-work mining consensus has been a topic of evironmental, social and governance (ESG) debates for a long time and a new study may only add to the growing controversy around BTC's carbon footprint.

Bitcoin’s price action has been very choppy of late, and it’s time to consider whether traders can depend on the tried-and-tested template anymore. To be specific – the Bitcoin halvening cycle.

Bitcoin (BTC) starts a new week in the shadow of a new geopolitical conflict — what are the main hurdles that investors face?

crypto donations, adding to crowdfunding efforts that have raised more than $5 million in Bitcoin, Ether and other tokens since Friday. Ukraine’s official Twitter handle, as well an account belonging to the country’s Vice Prime Minister Mykhailo Fedorov, shared details of the crypto wallets on Saturday. Victor Zhora, one of Ukraine’s top cyberdefense officials, confirmed to Bloomberg that the tweets and the wallet addresses were accurate. The addresses posted by these accounts have received hundreds of donations worth more than $3 million in less than 24 hours, according to transaction information available for the wallets and data from blockchain analytics firm Elliptic. The median donation was worth around $95, Elliptic co-founder Tom Robinson previously told Bloomberg News by email.

On-chain statistics through February have suggested positive sentiment for Bitcoin as addresses with a non-zero balance of BTC reached an all-time high.

Under siege from a military invasion by Russia, the Ukrainian government has been seeking help from across the world to resist the military action.

The global cryptocurrency market capitalisation fell 1.35 percent over the last 24 hours to $1.72 trillion, while trading volumes jumped 19.71 percent to $81.67 billion during the same period.

cryptocurrencies went down by a large margin. It is important to note that the markets overall in most financial sectors have gone down, but cryptocurrencies being more volatile than most, went down farther than traditional stocks.Crypto PlungeBitcoin dropped as much as 8 per cent in price on Thursday morning, and traditional markets were also not spared the disarray.

Bitcoin and other cryptocurrencies somewhat stabilised on Saturday amid possible Russia-Ukraine talks. Bitcoin, which nosedived below $34,000 when the war began on Thursday, was flat on Saturday at nearly $39,000 per coin, compared with a 5 per cent gain in XRP digital asset and a 10 per cent rise in Terra's LUNA token, reports CoinDesk. The second major cryptocurrency Ethereum was at $2,710 per coin, up 2.66 per cent.

The geopolitical news flow is likely to result in volatile moves in Bitcoin (BTC) and altcoins in the next few days. News of Russian President Vladimir Putin ordering the nuclear deterrence forces on high alert may be viewed as a negative, but reports of talks between the warring nations could be positive as it raises hopes of an end to the conflict.

Investors saw the crypto market factoring in the geopolitical tensions involving Ukraine and Russia into its cumulative capitalization.