Bitcoin price remained flat on Thursday, February 17. However, major altcoins dropped in the last 24 hours. The world’s favourite cryptocurrency price slightly dipped by 0.23 per cent to $44,002.67 at 0830 hours on Thursday, according to Coin Market Cap.
Investors remained cautious even after Russia had started pulling back its troops from Ukraine border.
However, there was no official announcement from Russia regarding this. There is a growing Russian military presence at Ukraine’s borders, Western countries warned on February 17. More armored vehicles, helicopters and a field hospital have been spotted, Britain’s defense intelligence chief said.
All eyes were on US Federal Reserve as the central bank might increase rates sooner-than-expected to tackle rising inflation. However, crypto pundits were certain that the digital currencies will not see another January-tumble anytime soon.