WebsCrypto
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Markets
  • Business
  • Opinions
  • Press Releases
Facebook X (Twitter) LinkedIn Telegram
WebsCryptoWebsCrypto
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Markets
  • Business
  • Opinions
  • Press Releases
Bitcoin (BTC) $26,226.03 0.43%Ethereum (ETH) $1,590.82 0.06%BNB (BNB) $212.17 0.40%XRP (XRP) $0.501625 0.75%Cardano (ADA) $0.244726 0.84%Solana (SOL) $19.00 2.49%Dogecoin (DOGE) $0.060652 0.64%Polkadot (DOT) $4.00 1.82%Shiba Inu (SHIB) $0.000007 0.72%Dai (DAI) $0.999951 0.05%TRON (TRX) $0.085072 0.33%Polygon (MATIC) $0.508779 2.57%Avalanche (AVAX) $9.03 0.20%Uniswap (UNI) $4.29 0.19%Litecoin (LTC) $63.82 1.25%
Crypto Prices
WebsCrypto
News

Ukrainian Tensions Escalate, Bitcoin Briefly Drops Below $37,000

By WebsCryptoFebruary 22, 20221 Min Read
Ukrainian Tensions Escalate, Bitcoin Briefly Drops Below $37,000
Share
Facebook Twitter Telegram LinkedIn Reddit Email

BTC -0.43%-news/">Bitcoin briefly fell below $37,000 on Tuesday, its lowest level in more than two weeks. Equities also fell as tensions between Russia and Ukraine escalated, weighing on risk appetite.

Bitcoin prices fell as low as $36,831 on Tuesday morning after Russian President Vladimir Putin announced the recognition of two “republics” in eastern Ukraine.

Advertisements

Bitcoin fell below $40,000 over the weekend and continued to weaken as the crisis in Ukraine deepened, undermining the view that cryptocurrencies are a safe haven in times of geopolitical turmoil. Meanwhile, gold prices hit their highest level since June last year and are now near $1,910 an ounce.

“In the latest global maelstrom of the US, Russia, Ukraine, Bitcoin, the asset considered the answer to all questions. It has quietly weakened, significantly underperforming its nemesis gold.”

hn Roque of 22V Research said in a report

Rock predicts that Bitcoin could fall below $30,000, which could push gold prices to all-time highs as traders increasingly favor gold.

Related News:
  • Bitcoin Plummets Below $26,000 as Major Cryptocurrencies Wipe Out Weekly Gains
  • Ethereum Is Approaching the Key Support, and the Long-Short Duel Continues
  • Binance Announces New Stablecoin Amidst Plans to Discontinue BUSD Support
  • Worldcoin Shatters Records in Argentina as Circle Expands USDC Footprint to Chile
DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
Bitcoin
WebsCrypto
  • Website
  • Facebook
  • X (Twitter)
  • Instagram

WebsCrypto is your best bet for the latest crypto news from around the world.

Recommended Reading

Markets September 25, 2023

Bonds Surge in Appeal as Bitcoin and S&P 500 Navigate Third Quarter Downturn

Markets September 25, 2023

NFT Market Faces Significant Decline Amidst Broader Crypto Challenges

Business September 24, 2023

Crypto Companies Shift Focus Outside the U.S. Amid Regulatory Pressures

News September 22, 2023

Robert Kiyosaki: Cryptocurrency is the Future, Fiat Money is on the Decline

Markets September 22, 2023

Federal Reserve Holds Steady on Interest Rates; Bitcoin Maintains Support at $27,000

Markets September 22, 2023

Bitcoin and Ethereum Navigate Volatile Waters Ahead of FOMC Decision

The Latest
Markets September 25, 2023

Bonds Surge in Appeal as Bitcoin and S&P 500 Navigate Third Quarter Downturn

Markets September 25, 2023

NFT Market Faces Significant Decline Amidst Broader Crypto Challenges

Business September 24, 2023

Crypto Companies Shift Focus Outside the U.S. Amid Regulatory Pressures

News September 22, 2023

Robert Kiyosaki: Cryptocurrency is the Future, Fiat Money is on the Decline

Markets September 22, 2023

Federal Reserve Holds Steady on Interest Rates; Bitcoin Maintains Support at $27,000

EDITOR’S CHOICE
Ether (ETH) Prices are Trading at 27% Discount to Fair Value, New Research Shows
Robert Kiyosaki: Cryptocurrency is the Future, Fiat Money is on the Decline
Crypto Companies Shift Focus Outside the U.S. Amid Regulatory Pressures
Bonds Surge in Appeal as Bitcoin and S&P 500 Navigate Third Quarter Downturn
News
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Markets
  • Business
  • Markets
Information
  • Opinions
  • Guides
  • Press Release
  • Sponsored
Price Indexes
  • Market Cap
  • Bitcoin Price
  • Ethereum Price
  • Cardano Price
  • Solana Price
  • Polkadot Price
  • Polygon Price
Services
  • About Us
  • Contact Us
  • Advertise
  • Privacy Policy
  • Terms of Service
WebsCrypto
X (Twitter) Facebook Telegram LinkedIn RSS
© 2023 WebsCrypto

Type above and press Enter to search. Press Esc to cancel.