Bitcoin Reacts To Russia Ukraine Invasion

Bitcoin Reacts To Russia Ukraine Invasion


The under is from a current version of the Deep Dive, Bitcoin Journal’s premium markets e-newsletter. To be among the many first to obtain these insights and different on-chain bitcoin market evaluation straight to your inbox, subscribe now.

Bitcoin continued to behave like a high beta, risk-on asset similar to most of the overvalued tech sector. As Russia’s announcement of military intervention was proliferating across financial markets, U.S. equity markets reached as far down as -3% in the night session, with bitcoin also plummeting to a low of $34,300, before bottoming and aggressively rebounding to a high of $40,000 in a large short squeeze.

Bitcoin short squeeze boosts the price while risk assets trade as if maximum fear and uncertainty are priced in after the declarations of war.

Bitcoin worth weighted by perpetual swap funding charges

Bitcoin short squeeze boosts the price while risk assets trade as if maximum fear and uncertainty are priced in after the declarations of war.

Bitcoin worth drawdown from all time highs



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