Bitcoin seems to have the worst of it

Despite fierce fighting in Ukraine at the moment, there are as yet no serious consequences for Bitcoin, among others.

The financial market reacted strongly to the outbreak of the war in Ukraine. But after that, it remained somewhat stable, as fighting continues to this day in the Eastern European country. Bitcoin is also a fairly stable factor, which is somewhat striking for cryptocurrency. With that, the currency appears to be behaving in line with what the stock market is currently doing. Sit and wait.

Bitcoin and Ukraine

Bitcoin fell sharply three days ago in response to the outbreak of the war in Ukraine. The share price rose from $39,000 to a low of $34,636 on Coindesk. Those who feared that the currency would fall further had guessed wrong. At least, the coin did the opposite. Apparently this was a buying moment for many, as it is called. Because the demand for Bitcoin increased despite the tensions in Ukraine and the price has been rising for a few days.

At the time of writing, the exchange rate is approximately back at pre-war levels. Ultimately, it is difficult to predict what further consequences will have for the currency. Think of even more sanctions on Russia, or the fact that Russia is going even further with its attacks on Ukraine. So no real panic yet.