Post ContentRead MoreFeedzy
Bitcoin retook the $44,000 level today, rising alongside equity markets after Russia announced the movement of some troops back to their home bases following exercises.
“Perhaps the risk-off sentiment is waning, barring further escalation in tensions with Russia,” said Richard Usher, head of over-the-counter (OTC) trading at BCB Group. Overnight, a Russian Ministry of Defense spokesperson said some troops in the country’s Southern and Western Military Districts would be moving back to their home bases following the completion of drills.
Bitcoin’s (BTC) 3% advance today is its biggest increase since Feb. 7 and comes as the Nasdaq gained 2% and the S&P 500 1.4%. Other notable crypto moves include ether (ETH), up 6%, and solana (SOL), ahead 5%.
Also in the news was last night’s invocation by Canadian Prime Minister Justin Trudeau of the Emergencies Act in response to the country’s trucker protest. The move allows banks to immediately freeze or suspend bank accounts of citizens without a court order or fear of civil liability. Many bitcoin fans are calling the action “free advertising” for the crypto.
DISCLOSURE
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Bitcoin Magazine David Lawant: Bitcoin Entering New “Bullish Regime” According to Options Market Bitcoin futures…
Your day-ahead look for Sept. 30, 2026Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
Bitcoin held near $83,000 as the 30-year Treasury yield topped 5.6%, while DeFi tokens reversed…
Traders are waiting on the Fed's favored inflation gauge after a month of oil-driven rate-hike…
Asset management platform HANetf has listed ETCs in London, Frankfurt and Paris providing pound sterling…
Here's the level analysts are watching and what a break below it could mean for…