Ukrainians Embrace Bitcoin For Daily Purchases: Report Today

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  • $57 million have been donated for military support in Ukraine as of March 4.
  • Russian Bitcoin transactions have increased as the BTC/RUB pair trades $62 million, but it does not seem to have affected the BTC price.
  • Bitcoin is up roughly 9% for the month of February, coming back from the January dip and separating itself from other risk-on assets.

Ukrainians have embraced bitcoin for everyday purchases as its central bank cuts traditional payment rails.

NYDIG, a financial company that focuses on institutional-grade Bitcoin solutions, released its February 2022 Bitcoin Brief report discussing relevant statistics related to bitcoin as an asset, comparing it to other financial products, and diving into Bitcoin metrics in Ukraine as the Russian invasion perdures.