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Bloomberg
Bitcoin advanced amid mounting signs that the war in Ukraine is bolstering demand for cryptocurrencies.
The largest cryptocurrency rose 4.3% to $43,453 in London, gaining along with other major digital tokens. A fresh wave of turbulence hit global markets on Tuesday as the conflict in Ukraine intensified amid mounting penalties against Russia, as stocks in Europe fell along with US equity futures.
Bitcoin’s outperformance amid the volatility has some bulls pointing to a break from the narrative that crypto is just another risk asset.