Bitcoin Rises as Kabul Falls

Bitcoin Rises as Kabul Falls

Bitcoin spiked to $48,000 from below $46,000 just after Kabul fell to the mujahideen with it largely maintaining its gains to currently trade at $47,300.

Ethereum rose even more, above $3,300 as the ratio increased to nearly 0.07 BTC with it maintaining that price level.

There may be many reasons for its rise, but bitcoin is correlated to geopolitics, and the events unfolding in Afghanistan may have geopolitical ramifications.

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