Bitcoin price increased by 8.06% today (March 9) and moved at $41,489.77.
After falling 184 points on Tuesday (March 8) in the wake of President Joe Biden’s sanctions on oil and natural gas imports from Russia, bitcoin performed positively this morning.
- Dow Jones Industrial Average fell 184.74 points, or 0.56%, closed at 32,632.64 points.
- The S&P 500 fell 30.39 points, or 0.72%, to close at 4,170.70.
- The NASDAQ was down 35.41 points, or 0.28%, at 12,795.55 points.
Bitcoin Price Reaches New Historic High in Russia
While BTC/USD is still trading below $39,000, the Bitcoin price is rising to an all-time high of over 5 million rubles due to sanctions against Russia.
Yesterday, the ruble was at 160 rubles per dollar, compared to 70 rubles per dollar before Russia’s military operation to Ukraine.
This shows how fragile fiat currencies are. On the other hand, bitcoin remains strong despite extreme volatility.
The Spot Market is Open
Wednesday, March 9, 2022