Bitcoin traded in negative territory over the weekend. At press time on Sunday night, the global cryptocurrency market capitalization was down 4% to $1.8 trillion.
| Coin | 24 hours | 7 days | Price |
|---|---|---|---|
| Bitcoin (CRYPT: BTC) | -3% | 1.7% | $38,415.35 |
| Ethereal (CRYPT: ETH) | -4.7% | -3.1% | $2,547.07 |
| doecoin (CRYPT: DOGE) | -4.2% | -2.5% | $0.12 |
| cryptocurrency | 24 hour % change (+/-) | Price |
|---|---|---|
| Waves (WAVES) | +4% | $18.12 |
| dai (DAY) | +0.2% | $1 |
| USDBinance (BUSD) | +0.2% | $1 |
See also: How to buy Bitcoin (BTC)
Because it is important: Major currencies remained depressed as signs of de-escalation in hostilities between Russia and Ukraine subsided on Friday.
Over the weekend, the Russian president Vladimir Putin told his Turkish counterpart Tayyip Erdogan that the end of Moscow's operations in Ukraine "is only possible if Kiev stops military operations and complies with known Russian demands," according to a Reuters report.
The general staff of Ukraine's army said on Sunday that the Russians were mustering resources to take Kyiv, the country's capital, according to Reuters.
Cryptocurrencies traded lower with other risk assets, while commodities like oil and gold were up at press time.
S&P 500 and Nasdaq futures were down 1.5% and 1.9% at 4,263.75 and 13,578.25 respectively at press time.
On April 22, COMEX gold futures traded 1.4% higher at $1,994.60. Oil soared significantly: April 22 WTI crude futures were up 7.6% at $124.43, while May 22 Brent ICE crude futures were up 8.5% at $128.11.
cryptocurrency trader Michael van de Poppe he warned of the volatility to come and urged his followers to โremain calmโ.
"This week is going to be volatile," he said. "Stay calm. Best option in these markets."
Co-founders of on-chain analytics firm Glassnode, Jan and Yann, tweeted that Bitcoin is at a critical level and if its price does not break above $40,000, it could reach support levels in the range of $34,000 to $36,000.
Meanwhile, a survey by financial market data and content platform Santiment saw only 33.6% of 1,958 respondents vote in favor of buying the cryptocurrency crash.
