There is a jump in the prices of Cryptocurrency. On Monday, BitCoin, the world’s largest cryptocurrency, was trading at $46,831.53. Since March 11, the price of bitcoin has seen a jump of 15%. Currently, the market cap of cryptocurrencies has grown to $2.19 trillion. The market cap has seen a 4% jump in the prices during the last 24 hours.
According to CoinGecko, the price of Ethereum has seen a jump of 4.7% during the last 24 hours. Ethereum was trading at $3,298.46 this morning. The price of DogeCoin has seen an increase of 8.3% during the last 24 hours. At the same time, an increase of 4.3% has been seen in the prices of Shibu Inu.
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According to Bloomberg report, there has been a jump in prices between Russia and Ukraine war. Matt Malee says that if the price of BitCoin continues to rise in this way, then it can see more bullishness in the future. Due to the decisions of the Federal Reserve Bank, skepticism was now being changed on Bitcoin. But despite this, there was a jump in the prices.
At the same time, amid Russian sanctions, there is a lot of discussion that transactions through digital currency can come under scrutiny. However, analysts have rejected such claims in the Bloomberg report. Amidst all this speculation, bitcoin prices have risen with a massive increase in US stocks.