Bitcoin Price Rally To $39,000 Leads Traders To Say ‘Panic Is Over For A Few Days’ By Cointelegraph

©Reuters. Bitcoin Price Rally To $39,000 Leads Traders To Say “Panic Is Over For A Few Days”

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.

Read the full article on Cointelegraph

Legal warning: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.