DAA Daily

Bitcoin jumps 10% after Treasury imposes new sanctions against Russian central bank

By Saransh Raina

The crypto market rose on Monday after the Treasury Department imposed new sanctions against Russia’s central bank.

Bitcoin jumped 10.4% to $41,807.16, while ether rose 7.6% to $2,826.54. U.S. equities were down sharply earlier in the day before recovering a big chunk of their losses. The sanctions unveiled by the Biden administration would effectively prohibit Americans from doing business with the Russian central bank and freezes assets within the U.S.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: