Ethereum moved into the red on Nov. 16, as markets became nervous, following a missile accidentally exploding in Poland. Fears grew of potential escalation in the war between Russia and Ukraine, as the missile hit Poland, which is a NATO-backed country. Poland and NATO have both downplayed the strike, and have so far not accused Russia of the act. Bitcoin also fell, ending two days of gains.
Bitcoin
Bitcoin (BTC) was back in the red on Wednesday, as markets reacted cautiously to today’s news, which saw a war missile land in Poland.
Following two consecutive days of gains, BTC/USD fell lower on hump-day, hitting an intraday low of $16,617.91 in the process.
This comes less than a day after prices of the world’s largest cryptocurrency rose to a high of $17,051.96.
Looking at the chart, the drop in BTC comes as the 14-day relative strength index (RSI) failed to move above a ceiling of 39.00.
As of writing, the index is now tracking at 36.30, and seems to be heading towards a visible f
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