The first cryptocurrency returned to growth on Tuesday morning, adding 3.3% and rising to 43,500. Technically, BTCUSD was above the 50-day moving average and has received support from buyers after another touch of this level.
At the same time, however, this average is driven downwards, emphasizing the general downward trend. Cryptocurrencies seem to be once again trying to play the role of a safe haven, becoming a little more like gold and a little less like stocks.
Although U.S. stock indices were under pressure on Monday, they decided to stop the sharp fall at the end of last week. However, the high-tech Nasdaq ended the day unchanged.
European stock indices have shown a marked decline due to the impact of tensions around Ukraine. In the same context, gold prices have risen 3% since June last year.
It should be noted that in the event of a massive sale of shares, only short-term government bonds will be the last resort. Companies invested $ 75 million in crypto funds last week, according to CoinShares.