In tense situations, investors prefer
gold and oil than riskier assets like stocks and crypto.
Bitcoin was directionless during the
early European hours on Tuesday while traditional markets saw another wave of
risk aversion as Russian President Vladimir Putin ordered troops to move into
eastern Ukraine.
The top cryptocurrency traded largely
unchanged on the day near $37,000 at 08:30 UTC, according to CoinDesk data.
Gold jumped to fresh eight-month highs
of $1,914 per ounce, before trimming gains.
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