Bitcoin bounces back to $38k as Biden announces not to intervene Russia-Ukraine conflict

Bitcoin has quickly recovered to yesterday’s highs following the US Presidenet’s confirmation that he will not intervene Defence with Russia.

Bitcoin’s value recently increased by $2500 within one hour in light of US President ***Joe Biden;s comments on Russia’s invasion of Ukraine***. It’s recovered to its price since before the market panic surrounding to the war took place.

Yesterday, Bitcoin value decreased from $39k to $34,500 after Russian forces began attacking Ukraine;s army infrastructure Over $400 million in liquidation took place following the crash.

THe entire crypto market had decliend by $200 billion on the news, leaving it at just $1.6 trillion in total.

President Biden declared that Russia’s aggression “cannot go unanswered,” and promised sanctions on four of Russia’s giant banks from the US and western allies. also said they’d “limit Russia’s ability to do business in dollars, euros Yen, and Pounds to be part of the global economy.”

Read full story at ***https://cryptounity.news/bitcoin-bounces-back-to-38k-as-biden-announces-not-to-intervene-russia-ukraine-conflict***