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Ukraine-Russia crisis drives bitcoin demand as sanctions restrict financial transactions
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The Russian invasion of Ukraine has driven demand for cryptocurrencies in both countries, helping boost the price of bitcoin.
Bitcoin has been trading at a premium against the Ukrainian hryvnia on a number of exchanges, both globally and locally, a sign of high demand. On Binance, the largest exchange in the world, bitcoin was trading for the equivalent of $45,894 in hryvnia terms. On Kuna, the largest exchange in Ukraine, it was at $46,847, and had traded as high as $51,240.
In...
Read more on fnlondon.comAbout this in other media
What risk-on asset Bitcoin should expect before smart money arrives ambcrypto.com /2 years ago
Russia sanctions ‘to cut UK living standards by £2,500 a person’ theguardian.com /2 years ago
'It's a mess': UK to vet Ukraine refugees at Calais as French claim hundreds rejected euronews.com /2 years ago
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