BTC price is stalled at the 61.8% Fibonacci Retracement level, triggering a pullback in altcoins and slowing this week’s breakout.
Bitcoin (BTC) and the U.S. equity markets are facing selling on Feb. 16 as traders seem to be trimming positions in assets perceived to be risky on the accusation by NATO that Russia continues to build troops near the Ukrainian border. This is contrary to claims by Moscow that Russian troops are returning to their permanent deployments after completion of the exercise. This geopolitical uncertainty could result in increased volatility in the near term.However, the longer-term fundamentals continue to strengthen. PwC Luxembourg, in a recent report, said that 61% of 123 Luxembourg-based financial players have either started or plan to start their “crypto journey” soon. Daily cryptocurrency market performance. Source: Coin360JPMorgan has opened a virtual lounge in Decentraland’s Metajuku M
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