Bitcoin, Ether and XRP Drop Amid the Russo-Ukrainian War. full list



Cryptocurrency update: Cryptocurrency prices remained under pressure on Monday, March 14, amid the war in Ukraine as Russian forces continued to invade the country. Bitcoin, the world’s largest cryptocurrency by market cap, also fell on the day by a slight margin. According to data on global crypto-tracking platform CoinMarketCap, the price of bitcoin today is $38503.02, down 1.67 percent in the last 24 hours. It should be noted in this regard that with the escalation of tension between Ukraine and Russia, analysts predict that the cryptocurrency may slide towards the key mark of $ 30 thousand.

Ethereum or Ether, the second most popular cryptocurrency in the global market, is also down 0.73 percent in the past 24 hours to stand at $2,568.89, according to CoinMarketCap data. However, on a weekly basis, Ether rose 1.70 percent.

Bitcoin fell below $40,000 in the last week of February as the conflict between Ukraine and Russia intensified. On the other hand, the price of gold jumped to its highest level since June last year. Analysts mentioned that Bitcoin could falter further to fall below $30,000, as traders are now expected to favor gold.

The global cryptocurrency market also fell again amid the crisis in Russia and Ukraine as most of the major cryptocurrencies lost their value. The market capitalization of cryptocurrencies has reached $1.72 trillion, according to data from CoinMarketCap. This is down 1.44 percent over the past 24 hours. However, the global cryptocurrency volume has increased over the past day. The total volume of coins traded reached $65.74 billion over the past day. The data published on the website said that this decreased by 22.97 percent in the past 24 hours.

The global cryptocurrency market cap and trading volume has decreased over the past day. Bitcoin and Ethereum are currently trading at $38,000 and $2,500. Edul Patel, CEO and co-founder of Mudrex, said that BTC has continued to fluctuate between $39,000 to $42,000 over the past week.

According to the market cap, the top cryptocurrencies are also heading into the red. Cryptocurrencies, stocks, and commodities have also seen sharp price movements over the past month, showing investor uncertainty due to the war and inflation crisis. Because of these reasons, we may see a great deal of extreme volatility in the cryptocurrency market this month.”

Here are the top 10 cryptocurrencies and their prices on February 19, 2022 (data from coinmarketcap.com at the time this article was published)

Bitcoin $38.503.02 or 1.67 percent loss in the last 24 hours

Ethereum $2,568.89 or 0.73 percent loss in the last 24 hours

Limit $1.00 or 0.00 percent profit/loss in the last 24 hours

BNB $368.52 or 1.89 percent loss in the last 24 hours

USD Coin 1 USD or 0.00 percent profit/loss in the last 24 hours

XRP $0.7676, or a loss of 3.77 percent over the past 24 hours

Terra $90.16 or 3.20 percent gain in the last 24 hours

Cardano $0.8052 or 1.06 percent gain in the last 24 hours

Solana $80.28, or a 2.69 percent loss in the past 24 hours

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