One would think that the EU has more important things to worry about with Russian fighter jets bombing a military base just 20 kilometers from Poland, a country that is part of their coalition.

With a lot of talk surrounding the libertarian rights of everyday Russians and their access to cryptocurrency exchanges, I think this is an appropriate time to highlight the distinctions between a decentralized digital currency and a centralized one.

Bitcoin is trading sharply higher over the past 24 hours and as of 5:00 PM EST, is changing hands at around $42,200. There are several fundamental reasons for this recent surge including President Biden’s executive order, and the compromise between Russia and Ukraine leading to a rally in the stock market.

At the time of writing BTC is trading at $37,222 after breaking through support at $37,500 representing the 78% retracement. The retracement uses a data set that stretches from the bottom at $28,000 up to the ATH at $69,000.

Today Bitcoin is trading down by roughly 4.2% and trading hands around $42,000. The current market dominance is 42.42%. Numerologists have fun with that one.

Regulatory developments for Bitcoin are largely seen as bullish for the asset, giving the cryptocurrency sector more credibility and allowing more large corporations even governments to adopt Bitcoin. One recent regulatory proposal out of the E.U. that had the potential to be extremely bearish for the space was recently scrapped.

The turmoil in Ukraine has caused many citizens in the countries involved (Russia, Ukraine) to flee traditional fiat currencies and turn to Bitcoin and other cryptocurrencies, namely stable coins such as USDT. The reasons behind the flight from cash are two-fold.

Today Bitcoin continues to explode higher, and few analysts have proposed the reason behind this rally. The Donations exceeding $60 million in Bitcoin and Ethereum are reminiscent of the last significant one-day rally in BTC occurred on Feb.

Over this last week, especially these past two days, the topic on everyone’s minds, traders included, is the situation in Eastern Europe so much, so I don’t even have to name the countries involved for the readers to know what I am referring to.

On the back of more substantial losses over this last week, Bitcoin has reconfirmed its bearish trend that has now been at play for over three months. So, the question becomes, where can we look for this trend to reverse?