The BTC/RUB pair is near the historical maximum

The rapid fall of the Russian ruble led to a stir in the cryptocurrency market: on March 1, the daily turnover for the BTC/RUB pair reached 1.5 billion rubles, and now you need to pay 4.4 million rubles for one Bitcoin.

A similar increase in demand is recorded for the Tether stablecoin – the daily turnover of the USDT/RUB pair exceeded 1.3 billion rubles. Active demand for cryptocurrencies from Russian and Ukrainian users led to a 29% increase in Bitcoin from February lows.

Global statistics also show in favor of the emerging growth of Bitcoin: despite a significant drop from the historical maximum, exchanges do not record a significant influx of cryptocurrencies that would fuel the sale.

The biggest losses were recorded by investors who bought Bitcoin in the last three months.

For hodlers, the current correction is not a reason to exit. Moreover, hodlers continue to increase their volumes: currently over 335 thousand. BTC remain without movement for more than three months. The last time such a value was recorded was in June-September 2021, followed by a new rally.

In its note to investors dated February 25, Bank of America pointed to the unlikely onset of “crypto winter”, despite the upcoming monetary tightening from the Fed. The level of acceptance and user activity is on the rise, which will serve to increase the capitalization of cryptocurrencies in the long term.

It is impossible not to note the global inflationary growth, which is fueled by the high price of energy resources and the ongoing failure in the supply of materials, spare parts and electronic components. With the return of Bitcoin to the $50-60 thousand zone, it will be talked about again as an insurance against inflation.

The rapid fall of the Russian ruble led to a stir in the cryptocurrency market: on March 1, the daily turnover for the BTC/RUB pair reached 1.5 billion rubles, and now you need to pay 4.4 million rubles for one Bitcoin. A similar increase in demand is recorded for the Tether stablecoin – the daily…

The rapid fall of the Russian ruble led to a stir in the cryptocurrency market: on March 1, the daily turnover for the BTC/RUB pair reached 1.5 billion rubles, and now you need to pay 4.4 million rubles for one Bitcoin. A similar increase in demand is recorded for the Tether stablecoin – the daily…