Биткоин застрял под отметкой $40K, но цена BTC достигла очередного исторического максимума по отношению к российскому рублю
Bitcoin (BTC) recovered from one-week lows on March 8 after a lack of progress in Russia-Ukraine talks that sent markets tumbling.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView
Commodities “trading like meme stocks”
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD bouncing at $37,170 on Bitstamp after Monday‘s Wall Street open.
Overnight progress maintained support with the pair trading at around $38,500 at the time of writing.
Crypto and stocks reacted badly to the lack of consensus that ended the third round of negotiations to end hostilities between Russia and Ukraine.
“There are small positive subductions in improving the logistics of humanitarian corridors… Intensive consultations have continued on the basic political block of the regulations, along with a ceasefire and security guarantees,” negotiator Mykhailo Podolyak nonetheless tweeted as part of feedback following conclusion of the talks.
The news was not enough to provide any form of hope, however. United States stocks trended down throughout the session with the S&P 500 ending Monday with 2.95% losses.
Commodities, meanwhile, saw spikes which were often unprecedented such as nickel jumping past $100,000 per ton on the London Meta (признана экстремистской организацией, деятельность которой запрещена в Российской Федерации)l Exchange.
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Commodities are trading like meme stocks.
Wheat +17%, +75% YTD. pic.twitter.com/04T2h5aRmR
— Dylan LeClair (@DylanLeClair_) March 8, 2022
End of Quote.
At the same time, pain continued for Russia, with only ruble-exposed investors hedging in BTC seeing some form of relief. On Monday evening, BTC/RUB hit new all-time highs of just over 5 million rubles on Binance.
BTC/USD 1-day candle chart (Binance). Source: TradingView
Amid the mayhem and despite Bitcoin’s lackluster price reaction as a safe haven paradoxically correlated with stocks, there were nonetheless votes of confidence from diehard supporters.
“The world is watching trust get repriced in real time,” Marty Bent, founder of Bitcoin media company TFTC summarized.
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“When the dust settles bitcoin will be the biggest benefactor bc the masses will realize a distributed system that cannot be controlled by a single person, government, corporation or coalition is the only thing they can trust.”
End of Quote.
Regulatory concerns from the U.S. also contributed to the market‘s cold feet.
$40,000 becomes short-term target
For low timeframe trades, Bitcoin looked fairly unappealing for many, with upside potential decidedly limited.
For popular traders Anbessa and Crypto Ed, $40,000 remained an obvious target for a bullish divergence.
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#BTC LTF Intraday Update ✅
bullish divergence playing out up 3% pic.twitter.com/Gabh2xSF5P
— AN₿ESSA (@Anbessa100) 7 марта 2022 г.
«Цель можно будет определить лучше, когда эта коррекция завершится, но пока мы придерживаемся ~40k», — добавил Crypto Ed.
Как сообщает Cointelegraph, предстоящие события в США, в частности, данные по индексу потребительских цен (CPI) в четверг и решение о повышении процентных ставок на следующей неделе, могли нарушить настроения в краткосрочной перспективе.