The past 24 hours were highly volatile for bitcoin as it soared by more than $6,000 at one point to above $44,000.
The enhanced price fluctuations in the entire crypto market resulted in over $300 million worth of liquidations. Bitcoin’s 15% price surge, for one, became its largest one in over a year.
However, the cryptocurrency recovered just as rapidly on the following day as no other country wanted to be directly involved in the ongoing war between the two former Soviet states.
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