Cryptocurrencies
Bitcoin Lingers Around $40,000 While Haven Appeal Is Under Debate
- Cryptocurrency finishes week on down note after initial rally
- Correlation between Bitcoin, S&P 500 moves higher again
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Bitcoin lingered around $40,000 while investors debated whether the original cryptocurrency was a safe haven amid Russia’s assault on Ukraine.
The largest cryptocurrency was little changed Saturday in New York. It slumped the past two days after jumping 17% from Monday through Wednesday. Ether, the No. 2 token, edged higher Saturday. Leading altcoins lower, Polkadot and Solana were mixed over the last 24 hours, according to data from CoinMarketCap.