Bitcoin (BTC<\/a>) checked its latest gains at the Wall Street open on Mar. 1 as bulls sought to defend $44,000 highs.\u00a0<\/p>\n Data from Cointelegraph Markets Pro<\/a> and TradingView<\/a>\u00a0followed BTC\/USD as it declined from its local peak of $44,980 on Bitstamp at the opening bell.<\/p>\n The second day of trading with armed conflict in Europe as its background, March 1 continued a surprisingly cool phase for U.S. equities, with only oil showing the knock-on effects of the Ukrainian war.<\/p>\n Bitcoin, by contrast, held onto the majority of its advances, which had been rekindled in earnest on March 1. Versus the same time a week ago, BTC\/USD was up 17% at the time of writing.<\/p>\n Bitcoin since weaponized finance began with Russia.<\/p>\n Compared to the S&P ($ES), Crude, Dollar, and Gold. pic.twitter.com\/zXTHaAUByR<\/a><\/p>\n \u2014 Cantering Clark (@CanteringClark) March 1, 2022<\/a><\/p><\/blockquote>\n “Forty-four thousand dollars has been tested a million times, wouldn’t wanna be caught shorting that,” popular Twitter account DonAlt summarized<\/a> as part of a post about low timeframes. <\/p>\n “$40 tho good support if we should get a surprise dip.”<\/p><\/blockquote>\n Bitcoin thus improved its image as a potential safe haven in times of strife, reversing initial losses as the Ukraine situation began to unfold late last week.<\/p>\n “Bitcoin is proving itself as a safe haven in times of global uncertainty. It has outperformed every other asset class by orders of magnitude since the Ukraine invasion,” Charles Edwards, founder of crypto fund Capiole declared<\/a>.<\/p>\n At the time of writing, BTC\/USD was declining towards the $43,600 zone previously highlighted by fellow analyst Nebraskan Gooner as a necessary zone to hold for the daily close.<\/p>\n #Bitcoin<\/a> <\/p>\n Low time frame traders need to be on the lookout for a close below $43,600<\/p>\n That’s the key low time frame level right now. pic.twitter.com\/nl3xocLWw8<\/a><\/p>\n \u2014 Nebraskangooner (@Nebraskangooner) March 1, 2022<\/a><\/p><\/blockquote>\n Activity related to Bitcoin and Ether (ETH<\/a>) wallets, in particular,\u00a0continued to grow<\/a>.<\/p>\n![](\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/db10add2-d32c-411d-9810-598fe1fc935f.png\")
BTC weekly gains hit 17%<\/h2>\n
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Smaller crypto wallets begin sweeping record highs<\/h2>\n
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