The tension between Russia and Ukraine escalates, U.S. stocks fluctuate, Bitcoin hits a new high again

On Tuesday, the market's attention was focused on the situation between Russia and Ukraine. On the 1000th day of the Russo-Ukrainian conflict, Russia's new policy lowered the threshold for using nuclear weapons, making global financial markets nervous, but overall reactions were limited. According to monitoring, U.S. stocks experienced a roller coaster ride of initial suppression followed by a rise. Initially due to heightened tensions between Russia and Ukraine, investors panicked and turned to safe-haven assets causing a collective fall in U.S. stocks; however later as America responded saying there was no reason yet to adjust its own nuclear posture or strategy this alleviated fears of an escalation in nuclear war with only Dow Jones falling while SP 500 index slightly rose and Nasdaq increased by 1%, most large tech stocks also rose with Nvidia leading nearly 5%.

The United States is embracing cryptocurrencies more closely as pro-cryptocurrency candidates are set to take over the US Department of Commerce along with ETF options listing and Trump Media Group conducting deep negotiations about acquiring cryptocurrency platform Bakkt which pushed Bitcoin to record highs reaching up to $93,905 before slightly falling back down at $91,900 at time of publication. The rise in Bitcoin attracted a lot of liquidity causing altcoins generally fell.

In terms of major foreign exchange commodities,the dollar index rose on Tuesday after initially being boosted by geopolitical tensions that benefited safe haven currencies like Dollar,Swiss Franc,and Yen,but this boost weakened after comments from Russian and American officials.Gold spot prices rose nearly 2% continuing its upward trend for third consecutive trading day.Geopolitical tension supported oil prices which closed slightly higher on Tuesday.