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The cryptocurrency market continues to show better dynamics compared to stock indices, which again updated the lows of the year yesterday. Investors are selling shares, but the capitalization of digital currencies has “laid sideways” over the past three sessions, not reaching the minimum levels of the end of January 2022.
Speculators are stopped from selling Bitcoin and altcoins by the growth of gold, which recently exceeded $2,000 per ounce amid the geopolitical crisis.
The past 12 days of hostilities in Europe have become the “point of no return” of the world economy to normal functioning. Record energy prices, coupled with an inflationary spiral, have deprived central banks of stimulus tools and the ability to stop consumer price growth.
These factors raise the price of gold, but cryptocurrencies are the best tool for savings and protecting investments. Digital currency can be sold at any time and saved from unexpected sanctions if the keys to the wallet are under the control of the user.
In the listed properties, plus and at the same time minus cryptocurrencies. The G7 countries are concerned about Russia’s ability to bypass the imposed financial restrictions. This led to the acceleration of the development of Joe Biden’s executive order on the regulation of digital currencies.
The American president will sign a document by the end of the week, which will contain measures that complicate the cryptocurrency business. The ambiguity of the wording may give rise to SEC and CFTC regulators to pursue DeFi startups.
These risks are forcing investors to postpone plans to increase their portfolios until the decree is issued. However, according to analysts, crypto whales continue to absorb all attempts to panic sell Bitcoin and major altcoins.
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