The BTC/USD was relatively resilient in the overnight session even as American equities retreated on Ukraine fears.
has been under pressure as investors reflect on multiple factors. On the one hand, there are fears about the Federal Reserve, which is set to embrace a more combative monetary policy this year considering that the American labor market has tightened and inflation soared.
The BTC/USD pair has also held steady even as stocks fall amid the rising tensions between Western countries and Russia. These countries have accused Russia of attempting to invade Ukraine like it did in 2014. Meanwhile, on-chain data show that the network activity is still strong in the industry. According to Messari, the number of Bitcoin addresses has jumped to more than 40 million while active accounts rose by over 800k in the past 24 hours.
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