Bitcoin pinned around $39,000 as Ukraine war proves a blessing and a curse – Cryptocurrency News
Posted on March 15, 2022 at 3:45 pm GMTBitcoin has been trading in a range since late January when fears about sky-high inflation took hold over the markets and tensions between Russia and Ukraine first started to escalate. The sideways pattern isn’t showing any signs of breaking up, so why is the price so unusually disciplined at such a tumultuous period for financial markets? The halving effect The price of Bitcoin – still the largest cryptocurrency by market cap – exploded higher in 2020 and 2021. Whilst the [..]