Is Bitcoin a Safe Haven Amid Russia-Ukraine Turmoil? Check the Chart.

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The Street

By Bret Kenwell Bitcoin prices are spiking as demand for the digital currency explodes. Can it keep up the momentum? Bitcoin has exploded in value over the past two days, on Tuesday sporting a gain of 20% off yesterday’s low. For what it’s worth, ethereum is doing pretty well, too. At today’s high, the cryptocurrency was up 18.3% from Monday’s low, although it’s starting to fade this afternoon. Bitcoin and others are in focus amid the turmoil in Eastern Europe. Thomas Westwater, an analyst at DailyFX, said, “Russian oligarchs and others who fear being impacted by the sanctions may be fleeing t…

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