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Bitcoin registered a total liquidation of $145.83 million in the past 24 hours. Whereas Ethereum recorded a total liquidation of $123.24 million during the same period.
Russia-Ukraine war-related fears continue to put severe pressure on global stock markets. The US announces a fresh set of sanctions against Russia’s sovereign debt, banks, and high-profile individuals.
Amid the ongoing military strife between Russia and Ukraine, US stock futures inched higher as the S&P 500 closed in correction territory.
Despite the fact that the Dow Jones tanked in tandem with broader market sentiments, market expectations remain fluid as investors focus on macroeconomic policies that may emanate from regulators in the coming weeks.
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.
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.