Cryptos Mixed amid Global Uncertainty

Cryptos Mixed in Global Uncertainty

Despite short-lived gains, some analysts expect a relief rally if war-related conditions ease. Most cryptocurrencies traded lower on Friday, retracing gains made earlier in the week.Speculative assets such as stocks, cryptos, and commodities have suffered strong price movements in the last month, indicating a high level of anxiety among investors.Bitcoin (BTC) soared as much as …

Bitcoin’s Bounce Stalls Below $40,000

The price of bitcoin stalls at less than $40,000

After falling to a one-month low slightly around $34,000 early Thursday, bitcoin (BTC) surged to $39,600 on Friday before settling back to its current level of $38,700. “Risk markets have surprisingly accepted the [Russian invasion of Ukraine] news in stride,” said Lux Thiagarajah, BCB Group’s head of trading. “While BTC and [altcoins] have risen, they …