Bitcoin (BTC) starts a new week in the shadow of a deepening geopolitical nightmare unfolding in Ukraine.
As retaliation for the Ukraine invasion and the macroeconomic consequences grow, crypto by and large is struggling to keep up.
A curious paradox has presented itself this month. Despite investors and those directly impacted by the war assumedly looking for a safe haven, that has broadly not been Bitcoin or even stablecoins.
Instead, stocks, which have taken a hit thanks to sanctions and their consequences, now form a major guide for how BTC/USD performs.
As such, the trend for Bitcoin remains down, all within the same familiar macro range which has characterized all of 2022.
What could switch things up? Cointelegraph takes a look at a handful of factors worth keeping an eye on as the unprecedented European conflict plays out.
Macro forces signal volatile, “rough” week ahead
Historical precedent aside, it has become clear that the stock market does not “like” the current European hostilities.
Losses mounted last week, with global equities in total shedding $2.9 trillion of…