Bitcoin, ether and most other cryptocurrencies spent much of Monday in the red as more bad news flowed from Ukraine.
"Cryptos across the board are in for a choppy period as investors await developments with Russia-Ukraine talks and if the Fed gives a clear path for interest rates that could possibly lead to a deeper bond market selloff," OANDA Americas Senior Market Analyst Edward Moya wrote in an email. Meanwhile, the Economic and Monetary Affairs committee of the European Parliament decided to exclude a proposed rule that could have banned proof-of-work systems such as bitcoin throughout the European Union, but the vote seemed to have little impact on crypto prices.
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