First Mover Asia: China to Widen Test of Digital Yuan as Russia Invasion Spotlights Crypto’s Potential Role; Cryptos Decline
The country is close to approving trials of the central bank digital currency in a number of cities and regions; bitcoin and ether drop as risk-on appetite fades. By Amitoj Singh , Damanick Dantes , James Rubin Mar 4, 2022 at 12:48 a.m. Updated Mar 4, 2022 at 1:36 a.m. Ukraine flags (Lucy Shires/Getty Images) Good morning. Here’s what’s happening: Prices: Bitcoin and other major cryptos decline as Russia escalates its attack. Technician's take: Intraday charts show downside exhaustion, which could encourage short-term BTC buying. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. And sign up for First Mover , our daily newsletter putting the latest moves in crypto markets in context. Prices Bitcoin ( BTC ): $42,528 -3.2% Ether ( ETH ): $2,839 -3.8% Top Gainers Asset Ticker Returns Sector Cosmos ATOM +4.8% Smart Contract Platform Internet Computer ICP ...
