Bitcoin presses in the middle of Russian gas payment speculations to highs
Bitcoin presses in the middle of Russian gas payment speculations to highs
- Pavel Zavalny, chairman of the Russian Duma Committee on Energy, said that Russia was ready to consider Bitcoin as a payment for Russian fossil fuels
- Several large digital assets are located at a technical resistance level
The cryptoma markets listed by Bitcoin were in a strong short-term upward trend this week, but some of the largest assets after market capitalization came across an area with great resistance on Friday, limited by the confotant-gliding 200-day average price and previous area high.
The Bitcoin CME Futures has risen by about 15 % for the beginning of the week, at a level that has not been reached since mid -February. When Bitcoin ends over $ 43,000, it is the first time since the end of September.
Another institutional interest ensures, according to Noelle Acheson, Head of Market Insights at Genesis, for tailwind.
"This week alone we had statements of Black Rock , Goldmann Sachs bridgewater, cowen and about cryptododes and/or investments," said Acheson Blockworks.
Acheson also indicates the constant current of large fundraisers in the crypto room and an influx of new talents, also from traditional Wall Street companies.
Bitcoin fluctuated between around $ 37,000 and $ 45,000 in the past two months, with long -term decreasing volatility, which typically triggered large price fluctuations like a tightly wrapped pen. In the five-day period, Bitcoin has no longer experienced so low volatility since October 2020.
Bitcoin and Ether crashed from their daily 200ema on Friday afternoon.
An increase in Bitcoin interest
The global open interest from Bitcoin has reached over 13.5 billion US dollars for the first time since the beginning of the year.
"In some cases, this increase in interest rates is due to the resistance and liquidity of Bitcoin. A large part of it is also driven by the growing attention of the role of BTC on the global stage, which is not only due to war in Europe, but also on the extraordinary monetary political framework to control the central banks around the world." said Acheson.
The war in Ukraine has become a fundamental driver of the price movement for another reason, Kevin Kang told BKCOIN Capital to Blockworks.
"Russia's chairman of the energy committee [in the state duma] Pavel Zavalny showed his willingness to accept Bitcoin as a means of payment for energy exports," said Kang.
Zawalny's comments came in a Video interview with Ria Novosti A state Russian television broadcaster at the beginning of this week and widespread and The western media including CNBC and the BBC .
There is no indication that Bitcoin is actually used in this way, and Jerry Brito, Executive Director at Coincenter, doubts their meaning that Note on Twitter "The reference to Bitcoin was clearly a disposable line."
kang also pointed out positive news about Bitcoin mining through large energy companies.
"Exxon [IS] Use of excess gas to dig Bitcoin. This is great because Exxon could get other energy producers to do the same," said Kang.
Morgan Chittum provided additional reporting for this story.
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The contribution "Bitcoin presses Range Highs in the middle of Russian gas payment speculations" is not a financial advice.
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