Crypto Market Cap Returns to $2 Trillion

　　Global cryptocurrency markets have rallied strongly in recent days in the wake of the Russian invasion of Ukraine, with Bitcoin's rising to $44,188 on Wednesday after falling to $36,370 last week. Other leading cryptocurrencies, including Ethereum, ripple and Solana, were either flat or up at least 2%.

　　According to CoinGecko, the value of the cryptocurrency market was back at $2 trillion as of 10:15 a.m. ET, and the overall cryptocurrency market capitalization is now as high as $2.04 trillion.

　　The total cryptocurrency market value is still below the $3 trillion since four months ago.

　　At the time of writing, bitcoin was up 25.06% over the past 7 days, trading at $43,403.16. Ether has also gained over 24% over the past 7 days, trading at $2,904.60 at present, according to Coinmarketcap.

　　But as the U.S. and European Union announced tough sanctions, Russian investors flocked to the cryptocurrency market to avoid the rubles devaluation.

　　Bitcoins ruble volume topped $16 million on Thursday, its highest level this year. On Monday, the total was about $8.5 million.

　　In a bid to avoid bitcoins price volatility, ruble-denominated transactions with Tether, a so-called stablecoin, hit $29.4 million, the highest level this year, in a week.

　　As a reminder, WikiBit is ready to help you search the qualifications and reputation of projects in a bid to protect you from hidden dangers in this risky industry!

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　　Source: Blockchain News