Physical bitcoin|Antanacoins|CC BY-SA 2.0
Bitcoin since Monday has been inching closer to $45,000—a rushed rally that hasn’t been seen since February of 2021. The news comes as the U.S. imposes additional rounds of sanctions on Russia in light of the Ukraine crisis, while millions of dollars in crypto have been donated to the Ukrainian government in the form of wartime aid. Analysts appear divided as to the cause of the rally, with opinions ranging from the spike being caused by large investors ‘buying the dip’ to Russian attempts at evading sanctions by utilizing crypto assets over traditional financial transactions.
