👉 #G7 leaders had agreed to move forward on "packages of sanctions" and other economic measures to hold Russia accountable for its invasion of Ukraine.
👉Market expectation of strong economic sanction on Oil & Gas sector of Russia was not met hence #Gold and crude oil retraced on Thursday from highs, whereas #Equity and #Cryptomarkets rallied to make short term bottom.
👉 #Bitcoin recovered all the losses of early Asian hours in the later session and closed in positive territory on Thursday. The apex #cryptocurrency made lows of $34,324 before rallying higher to make intradayday highs of $39,720.
👉The largest #cryptocurrency by market cap was consolidating gains and trading at $38,561 at the time of publication. In the near-term market is expected to move according to news coming in from the Russia-Ukraine situation.
👉The support on the downside is $34,000 while on the upside $40,000 is where sellers could emerge.
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