Bitcoin falls; Trading range may cause sharp price swings

Bitcoin remained below USD 40,000 as selling pressure increased. Equities also fell as Russia escalated its attacks on Ukraine.

The possibility of a ban on Russian oil imports has sparked a surge in energy prices in recent days, according to US officials. Higher gas prices could slow economic growth and cause stock prices to fall.

In the crypto markets, bitcoin was down 3 percent in the last 24 hours, while ether was down 5 percent. (ETH). Trading volume remains low, and analysts have noticed a loss of short-term buying pressure, which could indicate that price gains are limited.

Bitcoin (BTC): USD37933, a 3.54 percent increase, Ethereum (ETH): USD2485, a 6.04 percent increase.S&P 500 daily close: USD4201, a 2.95 percent increase, Gold: USD2001 per troy ounce, up 1.85 percent, Ten-year Treasury yield as of last close: 1.75 percent

The year-long trading range of Bitcoin between USD28,000 and USD69,000 has been eventful. A combination of economic, regulatory, and geopolitical headlines caused price swings ranging from 20 percent to 50 percent, putting some buyers on the fence.

World food prices reached an all-time high in February

China's GDP growth target for 2022 lowest level since 1991

Inflation bomb will explode in India! These things to be expensive

- Sponsored Advert -

Most Popular

- Sponsored Advert -