Bitcoin Bucks S&P Correlation Trend With Uptick as Ukraine Crisis Escalates – Bloomberg


Bitcoin surged the most since July amid speculation cryptocurrencies will gain favor in the wake of sanctions against Russia. 
“Many Russian citizens and potentially Ukrainian citizens are cut off from being able to move their rubles, dollars, euros or anything else,” said Anastasia Amoroso, chief investment strategist at iCapital. “When the rails of the traditional banking sector get cut off, the decentralized applications can still work.”