Lagatar24 Desk
Mumbai, March 2: Bitcoin and other major cryptocurrencies maintained their gains from Monday even as Russia intensified its efforts to seize control of Ukraine.
When opposed to other kinds of risk-on stocks, which have all seen a loss in value across key indices over the previous 24 hours, the performance of the wider crypto market has been noticeably positive.
The world’s most valuable cryptocurrency saw a 6% increase in value on Monday, and it continued to gain on Tuesday as well, rising 3.08 percent in the last 24 hours. On the Indian exchange CoinSwitch Kuber, Bitcoin is currently worth $45,603 (approximately Rs. 34 lakh).
Meanwhile, BTC was trading at $44,200 (approximately Rs. 33 lakh) on worldwide markets, up 2.55 percent in the last 24 hours. Bitcoin has gained 15% in value over the last week, according to CoinGecko, as Russia’s invasion of Ukraine has emphasised the potential utility of cryptocurrencies for investors.
The value of Ether, the second-largest cryptocurrency by market capitalization, has also increased as a result of the current Ukrainian issue. Ether is currently valued at $3,037 (approximately Rs. 2 lakh) on CoinSwitch Kuber, with the cryptocurrency hovering over the $2,900 (roughly Rs. 2 lakh) line at $2,939 (about Rs. 2 lakh) on worldwide exchanges, where the coin has gained 1% in the last 24 hours. CoinGecko statistics shows that the value of Ether has increased by more than 10% from a week ago.
As the global crypto market valuation increased by nearly 1% in the last 24 hours, all of the leading digital tokens were in the green. The green surge is led by Binance Coin and Terra, followed by Polygon, Polkadot, Cardano, and Solana.
Shiba Inu and Dogecoin, two of the most well-known meme coins, both saw their prices rise in the last 24 hours. Shiba Inu is currently valued at $0.000027 (approximately Rs. 0.002), up 5.06 percent in the last 24 hours. Dogecoin is currently valued at $0.14 (about Rs. 10.5), up 2.47 percent in the last 24 hours.
