The precious metal was a hair off a USD peak Tuesday, running higher with oil and other commodities, while stocks suffered.
Bitcoin (BTC) erased then recovered its daily gains later on March 8 as United States President Joe Biden announced a complete ban on Russian oil imports.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC comes full circle, while gold steals the showData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it targeted $38,000 an hour after Tuesday’s Wall Street open.Having hit $39,240, the pair swiftly changed trajectory as Biden confirmed the plans, which added to oil’s already strong gains and further pressured stocks and risk assets.“Today, I’m announcing that the United States is targeting the main artery of Russia’s economy,” he said at a press conference.“We’re banning all imports of Russian oil and gas and energy. That means that Russian oil will no lo
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