Bitcoin and the wider crypto market are expected to experience short-term pressures from the geopolitical crisis as the supply chain gets distributed.
Putin has ordered forces from Russia to enter parts of Eastern Ukraine in a move frowned at by several world powers including the US.
Bitcoin price traded around $38,530 at the time of reporting, having gained approximately 0.5 percent in the past 24 hours.
Besides the growth notably recorded in the stock futures, the Dollar also became firmer against other currencies around the world.
OpenSea said it is “actively investigating” the phishing hack. So far, reports show that the malicious wallet had its first transaction in December.
The downtrend in the Nasdaq Composite was sparked by the plunge in tech stocks like Tesla and Microsoft.
Despite the Dow Jones slump, it was not all bad for the global stock market on Thursday as a number of corporations that shared their earnings report helped provide the cushion the market needed.
After several requests for Visa to reduce process fees, Amazon retailers were already swaying. The partnership between Amazon and Visa will encourage more collaboration beyond credit card acceptance.
The slight miss of European stocks has also trickled down in some way to Wall Street as well as other markets around the world.
The Tips feature allows users to receive money, BTC, or ETH through the third-party payment service added to their profiles.
Bitcoin has gained notable attention in the global economy following huge adoption by institutional investors and international recognition after El Salvador’s adoption as a legal tender.
The Russia-Ukraine tensions brew further amid a heavy buildup of the Russian military at the Ukrainian border. Money has been flowing out of the equity markets to more risk-off assets.
The stock market is always in a very polarizing state, irrespective of whether the sentiment per time is bullish or bearish.
The current annual inflation outlook in the US economy lends further credence to an incoming interest rate hike by the Federal Reserve.
Executive members of Binance leadership will be on the Forbes Board of Directors once the deal closes.