Bitcoin price march pauses around $43,000
Ukraine has received donations of $33.8 million in digital currency such as Bitcoin and Ethereum
Investors have been ‘lied to’ about Bitcoin being ‘new gold’: Ryan Payne
Payne Capital Management President Ryan Payne, University of Akron Endowment Investment Committee Chair Dennis Gartman and Comerica Wealth Management CIO John Lynch provides insight into how the Russia-Ukraine conflict is impacting the markets.
The advance in Bitcoin and other major cryptocurrencies paused Wednesday morning as Russia escalated its efforts to take control of Ukraine.
Bitcoin had traded as high as $44,000 on Tuesday night, highlighting a gain of 17% since Sunday night, according to CoinDesk.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
Crytos bucked the trend from equities on Tuesday when the major U.S. markets fell more than 1.5% each.
Heading into Wednesday, Bitcoin had been up five of the past six days.
Bitcoin remains down more than 5% year to date.
A cryptocurrency-tracking firm says Ukraine has received $33.8 million in digital currency, such as bitcoin and Ethereum, as it continues to fight off a Russian invasion.
CLICK HERE FOR FOX BUSINESS' REAL-TIME CRYPTOCURRENCY PRICING DATA
The sum from 30,000 unique donations comes after Ukraine issued a plea for contributions on Twitter last week, the Associated Press reported.
CLICK HERE TO READ MORE ON FOX BUSINESS
Chief Scientist Tom Robinson of Elliptic said most donations to date have been in bitcoin and ether. Some people are sending nonfungible tokens, or NFTs, to the Ukrainian government’s Ethereum account.