Bitcoin surges 9.3% over demand from Russians and Ukrainians
Bitcoin defied a stock market slump on Monday, surging 9.3% amid what analysts said was increased demand from Russian and Ukrainian buyers.
The surge can be explained in part by Russians flocking to escape the ruble, which has tanked due to cripplingVan der Chijs said he had seen bitcoin selling for as much as $46,000 on some Russian exchanges on Monday — a roughly $5,000 premium over its US price. Russians worried about the stability of their currency and financial system may see bitcoin as a way to protect their savings, he said.
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