Apolitical Money

Geopolitical Noise

After briefly eclipsing $45k and $3.2k, both bitcoin and ether tumbled on Friday afternoon following indications from the US government that a Russian invasion of Ukraine was imminent. On Tuesday, these fears were quelled when reports surfaced indicating that troops were being removed from the Ukrainian border and crypto rebounded alongside equities.

At the time of writing, the global crypto market is slightly lower on the 7-day chart, with altcoins furthest out on the risk curve still trailing currencies.