Mastercard blocks Russian firms; bitcoin rises after latest sanctions on Russia – business live

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Mastercard blocks Russian firms; bitcoin rises after latest sanctions on Russia – business live
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Mastercard blocks Russian firms; bitcoin rises as Russia expected to turn to crypto – business live

Ipek Ozkardeskaya, senior analyst at Swissquote, said: The direct implication of Russian sanctions was a surge in cryptocurrency prices, and especially Bitcoin. The coin, which was moving along with the risk assets less than a couple of days ago, is now The Asset that Russians and Ukrainians rely on to get their funds out of the traditional system which has become very hostile to them.

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