Bitcoin began falling late Friday and continued to drop through the early part of the weekend before coming to a temporary rest at about $39,000. At the time of publication, the largest cryptocurrency by market capitalization was trading below $38,500. Ether and major altcoins were in the red on Sunday.
"The drop on Friday was a reversion to prices that shot up when people believed there might be more of an escape to crypto in the wake of fiat banks and payment gateways in Russia and Ukraine restricting access," Joe DiPasquale, CEO of fund manager BitBull Capital, wrote in a text to CoinDesk."The price would be buoyed if there were a de-escalation with the Russia/Ukraine conflict.
Russian forces pounded other major Ukraine cities with artillery and rocket fire, according to multiple reports. In one instance, mortar fired killed a mother and two children as they evacuated the town of Irpin near the capital of Kyiv. European and North American media outlets reporting on the invasion even found themselvesVisa and Mastercard
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