Bitcoin’s ‘tug-of-war’ during Russia-Ukraine crisis stirs debate about the future

For one brief moment this month, cryptocurrency prices appeared to be decoupling from the volatility roiling Wall Street — but are once again being dominated by risk-aversion stemming from the Russia-Ukraine conflict.

For Bitcoin (BTC-USD), a debate has arisen about its use cases, such as (legitimate) Ukrainian donations, or (questionable at best) flows from Russians looking to avoid sanctions.

With the token whipsawing between a range of $37,000 and $45,000 over the past month, many…


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