Cryptocurrency was trending downward early Tuesday as investors worried about Russia’s moves into eastern Ukraine and the prospect for a long war in the region
"In a tense situation, investors will prioritize commodities such as gold and crude oil rather than riskier stocks and cryptos," said Griffin Ardern, a volatility trader from crypto-asset management company Blofin.
In other cryptocurrency news, Andrew Durgee, the head of crypto and tokenization at Republic, argued Monday that volatilityand it will continue - in large part fueled by current geopolitical events. Durgee made the comments on Fox Business’ "Mornings with Maria" Monday as cryptocurrency prices were regaining some of the losses from over the weekend - which saw Bitcoin dip below $40,000 - and as tensions between Russia and Ukraine mounted.
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