Bitcoin has recovered slightly with a 2 percent gain, although it’s 10 percent down for the week as it struggles to brush aside the Ukraine tension.
While technical factors indicate it should have dropped harder, young hodlers are the ones holding it up as they look at BTC as a long-term investment asset.
When Russia invaded Ukraine, the world was caught in a daze as some claimed it would be the beginning of World War III. Assets tumbled as fear struck at the heart of investors, and Bitcoin wasn’t exempted, dipping by over 10 percent on the first day of the invasion. However, since then, it has fought to stay above $40,000 and it trades above its level just before the invasion. And it could all be down to one group of investors who are unfazed by the short-term volatility.
At press time, BTC is trading at $39,100, up by 2.38 percent in the past day, with an intra-day high of $39,430. The trading volume has shot up by 35 percent to hit $30 billion.
Other cryptocurrencies have als
