Putin’s Plans in Ukraine Hurt Bitcoin Price

Putin’s Plans in Ukraine Hurt Bitcoin Price


The beneath is from a latest 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.

Volatility Spikes, Bitcoin Follows

We now have coated the connection between fairness market volatility and bitcoin value motion extensively because the begin of the brand new 12 months, because the inverse correlation between the value of bitcoin and the VIX (S&P 500 Volatility Index) stays extraordinarily sturdy. Volatility spiked but once more in the present day as markets reacted to Putin’s speech from yesterday, recognizing the independence and sovereignty of the Donetsk Individuals’s Republic and the Luhansk Individuals’s Republic.

Markets react to Putin’s speech as investors move to safety across risk assets, which is negatively impacting the price of bitcoin and tech stocks.

Inverse correlation between the value of bitcoin and the VIX stays extraordinarily sturdy.

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