Bitcoin fell 5% as the conflict in Ukraine flared, undermining the case for it to be a gold-like refuge. The cryptocurrency comes into its own as an amplifier of ups and downs in riskier assets, swahapattanaik says:
Bitcoin fell to just below $36,348 on Feb. 22, a 5% decline from the Feb. 20 close.Source: REUTERS/Dado Ruvic/Illustration A representation of virtual currency Bitcoin is placed on a computer motherboard in this illustration taken January 21, 2021.
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