Russia Crisis Hits Headlines: Bitcoin Price Holds Ground Near $31k Mark

Bitcoin has maintained its upward price momentum despite recent events in Russia that have threatened the country’s stability. The flagship digital asset continued to trade near $31,000 despite the uncertainties.

According to BeInCrypto data, BTC increased slightly by 0.34% in the last 24 hours and is now trading at $30,727—inching closer to its over $31,000 peak for the year.

During the past week, the flagship digital asset has seen a new wave of institutional interest, with several traditional financial institutions applying for a Bitcoin spot ETF. This resulted in a more bullish market as traders appeared unconcerned with the events in Russia.

Crypto Markets Unbothered

Other digital assets also appeared unbothered by the events happening in Russia, with the general industry rising by 0.44% to $1.19 trillion, according to CoinMarketCap data.