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By Staff Reporters
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- Markets: The domestic markets were closed yesterday as stocks around the world tumbled.
- Crypto: Bitcoin was trading at $36,649 at 2:30 a.m. ET, falling nearly 6.5% in the last 24 hours, according to data from CoinDesk. The world’s most valuable cryptocurrency fell below $40,000 over the weekend, and has continued to slide as the Ukraine crisis intensifies. The currency has lost almost half its value since its November high of $68,990 due to geopolitical tensions, the prospect of interest rate hikes by the US Federal Reserve and curbs by some major economies on digital assets. Bitcoin’s peers have also been faring poorly. Ethereum, the world’s second most valuable cryptocurrency, fell over 8% in the last 24 hours and was trading at $2,520.
- Putin: Russian President Vladimir Putin dramatically escalated the Ukrainian conflict. He recognized two separatist regions in eastern Ukraine as independent and ordered Russian troops to enter those areas, which may provide the pretext for an invasion of other parts of the country. Western leaders condemned the move as a violation of international law and the US said it will impose sanctions on those regions.
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Filed under: Alerts Sign-Up, iMBA, Inc., Investing | Tagged: Bitcoin, coindesk, crypto, crypto-currency, Ethereum, Investing, Putin, Russia, Ukraine |
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https://www.msn.com/en-us/news/us/biden-to-sign-executive-order-that-could-bring-us-one-step-closer-to-a-digital-currency/ar-AAUPzr3?li=BBnb7Kz
Lucy
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ERIC,
Many thanks.
DEM
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