Cryptocurrencies may continue to shake as geopolitical risks persist

Bitcoin and U.S. stocks converged last week as the geopolitical situation between Russia and Ukraine continued to escalate, hitting investors hard, and following U.S. stocks higher again after U.S. sanctions against Russia fell short of expectations. Last week, bitcoin amplitudes reached around $6,000, with the coin reaching a high of $40,090 and a low of $34,350. The 60-day correlation between bitcoin and the S&P 500 has risen to 0.6, according to previous data.

Ukraine Government Calls on People to Donate Cryptocurrency, Has Raised $10 Million in Cryptocurrency

The Ukrainian government has raised more than $10 million in cryptocurrency after previously calling on social media for people to donate bitcoin and other digital tokens to support them, blockchain analytics firm Elliptic said. elliptic said the wallet address had received $10.2 million worth of cryptocurrency donations as of Sunday, with about $1.86 million coming from the sale of NFT. This follows an official message from Ukraine calling for cryptocurrency donations and the release of digital wallet addresses for bitcoin, ethereum and other tokens.