Seeking Alpha
2022-02-15 17:54:12

Bitcoin climbs toward $45K as Russia-Ukraine tensions ease

Bitcoin (BTC-USD +3.1%) is rising toward $45K per token so far on Tuesday, as Russia reportedly pulled back some troops from the Ukraine border back to their regular bases. Additionally, all three major stock indices, along with global equities, are rising as Russia-Ukraine tensions ease. Yields gain as commodities trade mostly in the red. Meanwhile, the global crypto market cap climbs back to sub $2T, with ethereum (ETH-USD +5.1%) surpassing $3K and binance coin (BNB-USD +6.6%), ripple (XRP-USD +3.1%), cardano (ADA-USD +4.2%), solana (SOL-USD +4.8%), terra (LUNA-USD +3.4%), avalanche (AVAX-USD +8.8%) and dogecoin (DOGE-USD +2.0%) are all erasing losses from last week. Speculators appear to be increasing their risk appetite for "bargain hunting" purposes as "the level of geopolitical tension that has existed over the last three weeks for right now appears to be easing," Kace Capital Advisors Managing Partner Kenny Polcari told Bloomberg. Speaking of Russia, its government has been pushing

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer