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Risk Returns To Crypto As Some Bitcoin Donations Make Their Way To Ukraine

United Kingdom Ukraine GlobalBlock Marcus Sotiriou

Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock

After a slump across all risk-on assets due to Russia invading Ukraine, global markets recovered remarkably yesterday. $143 million of Bitcoin (CRYPTO: BTC) short positions were liquidated over the course of 12 hours as bulls took control. It appears that the invasion was a ‘sell the rumour, buy the news’ event, where risk-on assets were bought aggressively as it was confirmed that Russia were indeed invading. The market dislikes uncertainty so as soon as we had some clarity of the long-lasting crisis, buyers stepped in.

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