Cryptocurrencies
Bitcoin Rally Cools as Specter of Crypto Sanctions Raised
- Crypto is ‘singled out’ by regulators, LMAX’s Mercer says
- Bitcoin calms from 16% rally in prior two trading sessions
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Bitcoin was little changed after rallying more than 16% over the past two days as the possibility of expanding sanctions was raised to prevent Russians from using cryptocurrencies to circumvent restrictions.
The largest digital asset fluctuated between gains and losses and traded at around $43,870 as of 1:02 p.m. in New York. Ether was also little changed, while many altcoins also swung between gains and losses.