This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, March 2, 2022 As sanctions close a few doors, a crypto window opens Cryptocurrency has finally started behaving like something that resembles a safe haven, with bitcoin (BTC-USD) and other digital tokens taking off on Tuesday as Russia’s incursion into Ukraine took a more dramatic turn. As Yahoo Finance’s David Hollerith has been… Source link
Read More »Russia-Ukraine crisis burnishes gold’s safe-haven shine as Bitcoin lags
With a global conflict afoot, gold (GC=F) has revived its status as a safe-haven in times of turmoil. But Bitcoin? Not so much. Bullion on Thursday surged close to $2000 per ounce, its highest since 2020, after Russian forces attacked multiple targets across Ukraine, which prompted investors to flee risky assets. Meanwhile, the U.S. dollar — the world’s premier reserve currency and another safe-haven during market duress — is gaining ground against a broad basket of currencies. However,… Source link
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