Bitcoin Looks To Russia-Ukraine And $5Bn Bitfinex Hack Suspect Released

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Last Updated on 15 February 2022 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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Bitcoin was rangebound as we entered Tuesday with the world’s biggest crypto coin stuck between $40k and $45k for a week now. Analysts claim that the fact that Bitcoin has been able to hold it’s footing while global stocks fell is a good sign, but the resistance level (seen around $46k) will remain until the Ukraine-Russia tensions ease again, just like stock markets remain in a waiting position.

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Stateless currency

Support for Bitcoin has crept up to the level of $37k, according to analysis of Katie Stockton, founder of Fairlead Strategies.

Bitcoin is labeled by some as a stateless currency, and it has indeed performed well in the past when there were geopolitical tensions, so we could expect some demand as a safe haven asset.

Commented Yuya Hasegawa, crypto market analyst at Japanese bitcoin exchange Bitbank to CNBC overnight.

He added:

The change in the landscape made bitcoin fragile to the U.S. stock market volatility, so bitcoin investors may not be able to feel at ease until the situation at the Russia-Ukraine border starts to settle down.

Razzlekhan released

31-year-old Heather Morgan, aka aspiring rapper Razzlekhan, who stands accused together with her 34-year old husband Ilya Lichtenstein of the $5 Billion Bitfinex hack back in 2016, was released from prison under strict bail conditions yesterday evening. Her husband remains in custody though.

Worldwide media discovered the aspiring rapper last week and her videos have been going viral since. This was probably not how she had hoped to become famous though.

AhmedZaggoudi / Depositphotos.com