The ruble lost 8% today, slipping against the US dollar to 109.15, after having slipped to 110. The markets continue to circulate rumors that the President of Russia Vladimir Putin could decide to use cryptocurrencies as to Bitcoin to bypass the sanctions imposed by the West in response to its attack on Ukraine.
The war between Russia and Ukraine has increased the demand for bitcoin by both countries: in the case of Ukraine, the demand for crypto assets is explained by the capital controls that have been imposed by the government of Kiev and, consequently, with the stakes that Ukrainian banks have set to curb the withdrawal of cash by account holders.
The Guardian reports that both Russia and Ukraine continue to buy Bitcoin above the cryptocurrency’s dollar value.
Bitcoin prices flew over 15% yesterday; today, however, as we write, Coindesk’s data indicates a 2% retracement below the $ 44,000 threshold re-grabbed yesterday.
Yesterday, the $ 44,000 threshold was crossed for the first time since February 17.