Bitcoin stems losses after US bans Russian oil, gold heads to record highs By Cointelegraph

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© Reuters.

(BTC) erased then recovered its daily gains later on March 8 as United States President Joe Biden announced a complete ban on Russian oil imports.

1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it targeted $38,000 an hour after Tuesday’s Wall Street open.

1-week candle chart. Source: TradingView