The geopolitical rigidity between Russia and Ukraine has resulted in traders looking for safe-haven property. Opposite to expectations by crypto traders, (BTC) has did not rise together with gold and it stays carefully correlated with the U.S. inventory markets.
Lloyd Blankfein, the previous CEO of Goldman Sachs (NYSE:), stated that the actions of governments freezing accounts, blocking funds and inflating the U.S. greenback ought to all be constructive for crypto however the worth motion suggests an absence of huge inflows.
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