Institutional investors accumulate Bitcoin after Russia-Ukraine conflict shakes up crypto market
BalancedGriffin
May 10
Bitcoin price has dropped back below $40,000 after briefly rebounding toward $45,000. Crypto trading volumes have been soaring in Russia and Ukraine, and Tether has even reached a new all-time high against the ruble. Here’s a snapshot of the recent events that happened this week: Top 8 cryptos by market cap Data from Glassnode suggest that investors who purchased Bitcoin at nearly all-time highs have almost completely capitulated. Nearly 219,000 BTC wallets have been emptied over the past mon...
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