Why Did Bitcoin Rise Amid the Russia-Ukraine Crisis? $300 Million Liquidated

Bitcoin price rose 13%, experiencing the biggest rise in a day for the first time in a month. Bitcoin price is around $ 43,400 at the time of writing, after rising to the levels of $ 43,700.

Commenting on the rise on CNBC’s “Capital Relation” on March 1, senior investor Mark Mobius said that this rise that Russians could be tied to buying cryptocurrencies told.

“I wouldn’t be a buyer right now, but if I were Russian I would.” Mobius, co-founder of Mobius Capital Partners, in his speech where he gave the following words:

I can say that this is the reason for Bitcoin’s current rise because the Russians have a way to get their money out.

said.

by Koin Bulletin February 28 made on the In the news, Mati Greenspan, founder and CEO of financial consultancy company Quantum Economics, said, “A wealthy person has their accounts closed due to sanctions. If they are worried about freezing, they can keep their wealth in Bitcoin for protection.” it was stated.

In addition, it is thought that the possibility of eBay to receive payments with cryptocurrencies recently and BofA’s not waiting for a “crypto winter” may have triggered the rise of the crypto money market.

303 Million Dollars Liquidated

The cryptocurrency market has also liquidated short positions this time.

According to Coinglass data, at the time of writing, the last 24 hours The total value of the liquidated positions 303 million became dollars. in total from 60 thousand It was stated that many crypto money investors were affected by this.

Total cryptocurrency market increased from $1.67 trillion to $1.9 trillion to the market 230 billion dollars entry was made.

According to CoinMarketCap data, Bitcoin has been in the last 7-day period. 17% Ethereum gains in value 15% up.

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