Global financial markets and crypto markets took a beating over the past 24 hours as the invasion of Ukraine by Russian forces sent investors scrambling and sold-off across most asset classes.
Data from Cointelegraph Markets Pro and TradingView shows that the price of () hit a low of $34,333 in the early trading hours of Feb. 24, shortly after the Ukraine raid began, and has since climbed back up to USD 38,500 after an unexpected event. the short-squeeze may have hit bear investors in the knuckles.
BTC/USDT 1-day chart. Source: TradingView Here is a look at what various analysts are saying about the price of BTC and how the ongoing conflict could affect the crypto markets in the short term.
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