Bitcoin experienced an 8% rebound from its overnight low as some investors bought the dip below $79,000. However, the largest cryptocurrency still appears uncertain due to the clash between the US and Ukraine presidents, which has caused volatility in risk-on assets. Bitcoin is currently trading at over $84,500, a 1% increase in the past 24 hours but still down 18% from a month ago. Analysts remain pessimistic about its short-term prospects. The decline in crypto markets coincides with investors pulling back from riskier assets due to concerns about inflation and global trade wars. Major digital assets like Ethereum and Solana have also declined significantly, while meme coins have plunged. The geopolitical uncertainty arising from Russia's invasion of Ukraine has further unsettled markets.



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