More On: bitcoin
After a slight increase in the previous session, Bitcoin was hanging around $39,000 on Wednesday morning.
Bitcoin has made gains in three of the previous four days going into Wednesday.
Over the last two days, the Bitcoin has risen 1.9 percent.
Even still, the price of Bitcoin has fallen by more than 5% this month and by more than 141% over the course of the year.
Russian-Ukrainian tensions are causing investors to seek a safe refuge for their valuables.
According to Reuters, they are acquiring interests in bitcoin funds and enterprises.
An estimated $4 billion was spent by VC purchasers in the crypto market over the final three weeks of February, according to the research firm Fundstrat.
An additional $400 million was invested last week by VCs, according to figures.
It's safe to say that this week's VC infusions are on par with recent trends.
There has been an average weekly investment in the industry of $800 million to $2 billion since the beginning of the year.
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