Bitcoin, the Ukraine Crisis and the Central Bankers Dilemma

 
James Butterfill is Investment Strategist and Christopher Bendiksen is the Bitcoin Research Lead at major European digital asset investment firm CoinShares. 
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Bitcoin (BTC) had an immediate price response to the Ukraine invasion when the news broke early this morning. It has become evident that, at present, bitcoin is behaving as a risk asset, with prices dropping below the technical resistance levels of the 50 day and 200 day moving averages….
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