Bitcoin’s price was up by 1.17 per cent at $44,065.36, Ethereum was up by 3.78 per cent at $3,132.08.
Cryptocurrencies.
Prices of the popular cryptocurrency Bitcoin and other major altcoins jumped after Russia stated that it was receptive to a diplomatic solution with Ukraine.
Bitcoin’s price was up by 1.17 per cent at $44,065.36, Ethereum was up by 3.78 per cent at $3,132.08, according to data on coindesk.
The price of XRP was up by 1.28 per cent, Solana was up by 0.98 per cent, Terra was up by 1.69 per cent, Avalanche was up by 11.26 per cent, Cardano was up by 1.75 per cent.
The price of Polkadot was up by 2.52 per cent, dodgecoin was up by 0.92 per cent, Polygon was up by 5.08 per cent, Shiba Inu was up by 0.13 per cent.
“The global crypto market and trading volume rose by nearly 2 per cent and 4 per cent in the past 24 hours. Bitcoin and Ethereum are trading above US$43,000 and US$3,000 levels. Bitcoin’s dominance in the market is about 42 per cent, whereas the support price holds at US$40,000, while resistance stays at US$46,000,” Edul Patel, CEO and Co-founder, Mudrex said.
“According to the market cap, major altcoins also rose sharply after Russia started to be receptive to a diplomatic solution regarding the ongoing conflict with Ukraine. Avalanche, Decentraland, and Axie Infinity increased by 10 per cent over the past day. This growth in the crypto market comes as a relief to long-term investors,” Patel said.
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