Bitcoin Demand Booms in Ukraine and Russia
The Russian invasion of Ukraine has driven demand for cryptocurrencies in both countries, helping boost the price of bitcoin.
Bitcoin has been trading at a premium against the Ukrainian hryvnia on a number of exchanges, both globally and locally, a sign of high demand. On Binance, the largest exchange in the world, bitcoin was trading for the equivalent of $46,646 in hryvnia terms. On Kuna, the largest exchange in Ukraine, it was at $46,614, and had traded as high as $51,240.
