Bitcoin could be having a “watershed” moment, one expert said, as the cryptocurrency continued to rally off of lows seen last week.
Bitcoin jumped 13% on Tuesday continuing its sharp rebound as the Russian war with Ukraine continues and the U.S. ratchets up sanctions.
Bitcoin proponents have seen bitcoin as a safe haven asset or"digital gold," but that definition has unraveled recently. One expert said that is changing and bitcoin is having a"watershed" moment.Bitcoin jumped 13% on Tuesday continuing its sharp rebound as the Russian assault on Ukraine continues and the U.S. ratchets up sanctions.
The cryptocurrency was up more than 13% at $43,500.16 as of 3:03 a.m. ET after hitting a high in the past 24 hours of $44,165.90, according to CoinDesk data. That rally comes after cryptocurrency prices plunged last week as risk assets such as stocks sold off
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