The price of bitcoin (BTC) fell as low as $34,300 overnight on February 24 due to geopolitical tensions in Europe.
1-hour candlestick chart of the pair (Bitstamp). Source: TradingView “Both Ways” for BTC Price Outlook News that Russia had launched a “special military operation” in Ukraine sent the BTC/USD pair tumbling along with traditional markets, data showed. Cointelegraph Markets Pro and TradingView.
In a move that seemed to catch markets by surprise, reports were flowing in of a feared three-pronged attack on Ukraine at the time of writing, with the West already promising harsher sanctions as a result.
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