2 years ago
Bitcoin was directionless during the aboriginal European trading hours connected Tuesday portion accepted markets saw different question of hazard aversion arsenic Russian President Vladimir Putin ordered troops to determination into eastbound Ukraine.
The apical cryptocurrency traded mostly unchanged connected the time adjacent $37,000 astatine 08:30 UTC, according to CoinDesk data.
Gold jumped to caller eight-month highs of $1,914 per ounce, earlier trimming gains.
"In a tense situation, investors volition prioritize commodities specified arsenic golden and crude lipid alternatively than riskier stocks and cryptos," said Griffin Ardern, a volatility trader from crypto-asset absorption institution Blofin.
S&P 500 futures dropped implicit 1%, and the European banal markets nursed 1.2% to 1.5% losses. Oil prices surged with Brent crude lipid futures breaching the $98 per tube people for the archetypal clip since precocious 2014.
Putin's determination drew disapproval from the Group of Seven large concern countries and United Nations, with respective nations, including U.K and Japan, threatening to enforce sanctions connected Russia.
In caller weeks, bitcoin has faced a treble whammy of fears of a U.S. Federal Reserve complaint hike and lingering Russia-Ukraine tensions.
The cryptocurrency was down 3% for the period astatine property time, having failed to clasp onto the rally to $45,000 seen earlier this month.
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Omkar Godbole is the elder newsman connected CoinDesk's Markets team.
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