Rise in Bitcoin
Burc Oran
January 25, 2022
Bitcoin

After falling below $ 33 thousand on Monday, Bitcoin rose above $ 36 thousand by finding support from the general recovery in the markets.

Bitcoin started the week with a sharp decline in Nasdaq and global markets. However, it climbed above 36 thousand dollars as Nasdaq was slightly positive the day.

While the markets fell with the increase of geopolitical concerns, Bitcoin, whose correlation with the Nasdaq has been increasing in recent months, was also affected by the losses. Bitcoin, which fell below $ 33 thousand on Monday, recorded a rapid rise in the evening with the reversal of the wind in the markets.

The escalation of tensions between the USA and Russia suppressed the global risk appetite and negatively impacted Bitcoin prices.

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