The flow of geopolitical news is likely to cause volatile movements in the price of () and altcoins in the coming days. The news that Russian President Vladimir Putin has ordered the nuclear deterrent forces to be on high alert can be seen as negative, but reports of talks between the warring nations could be positive as hopes are rising that it will end. to the conflict.
The cryptocurrency community was put in the spotlight when the Ukrainian government asked for help and requested cryptocurrency donations. Some people on social media said their Ukrainian credit cards had stopped working and they couldn’t withdraw money from their banks. They stressed that cryptocurrency was the only type of money they had left.
Cryptocurrency market daily view. Source: Coin360While some analysts project that Bitcoin may have set a bottom, Cointelegraph contributor Marcel Pechman warned that derivatives data remains inconclusive. Similarly, Ether futures data did not paint a hugely bullish picture either.
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