BITSTAMP:BTCUSD

From the upward channel, the trend of Bitcoin is rising today, and it has broken through 44000. Now it is predicted to rise after a slight correction.

Source of news analysis: Due to the continuous escalation of the geopolitical situation in Russia and Ukraine, the trend of Bitcoin and U.S. stocks has converged, causing heavy losses to investors. After the U.S. sanctions against Russia were less than expected, Bitcoin once again followed the rise of U.S. stocks. Last week, Bitcoin’s amplitude reached around $6,000, with the highest price reaching $40,090 and the lowest being $34,350. According to previous data, the 60-day correlation between Bitcoin and the S&P 500 has risen to 0.6.

Ukrainian government calls on people to donate cryptocurrencies, has raised $10 million in cryptocurrencies

The Ukrainian government has raised more than $10 million in cryptocurrencies after previously calling on people to donate bitcoin and other digital tokens to support them on social media, according to blockchain analysis firm Elliptic. As of Sunday, the wallet address had received $10.2 million worth of cryptocurrency donations, of which roughly $1.86 million came from selling NFTs, Elliptic said. Previously, the Ukrainian official issued a message calling on people to donate cryptocurrencies, and released the digital wallet addresses of bitcoin , ethereum and other tokens.