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Bitcoin spikes above $40K as potential ‘positive shifts’ arise between Russia and Ukraine By Cointelegraph

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© Reuters.

(BTC) saw instant volatility on March 11 amid the hope that the Russia–Ukraine conflict could find a diplomatic solution.

1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView shows BTC/USD briefly surging $1,400 before reversing to consolidate below $40,000 on March 11.

BTC/USD shorts 1-day candle chart (Bitfinex). Source: TradingView
Crypto liquidations chart. Source: Coinglass