The crypto market was initially affected by the Russian invasion on Ukraine and the whole market crashed. However, despite significant developments on the matter, the cryptocurrency market is in the ‘green’ again. Moreover, all popular coins are surging manifold.
Further, there are updates that Russian forces entered Ukraine’s Capital- Kyiv and blocked it from the West. However, they said that they would not attack Kyiv’s residential areas. The market continued to gain even after the update.
Crypto market’s ‘green’ performance
Bitcoin (BTC), the largest cryptocurrency, gained as much as 10.41% and traded at $38,845.35 at 7:49 a.m. ET. The market capitalization stood at $737 billion, up by 9.97%. However, the 24-hour trading volume declined by 3.99% to $36.4 billion.
Ethereum (ETH), the second-largest digital token, gained slightly. It was up by a massive 12.98% and traded at $2,678.25 at 7:51 a.m. ET. The market capitalization stood at $320 billion, up by 12.80%. Moreover, the 24-hour trading volume fell by 2.00% to $21.1 billion.
Solana (SOL), another significant crypto, gained 12.20% and traded at $90.11 at 7:52 a.m. ET. The market capitalization stood at $28.8 billion, up by 12.15%. Moreover, the 24-hour trading volume decreased significantly. It dropped by 8.00% to $3.7 billion.
Cardano (ADA), the Yoroi wallet hero, surged 13.15% and traded at $0.8616 at 7:55 a.m. ET. The market capitalization stood at $29.3 billion, up by 14.55%. Moreover, the 24-hour trading volume fell substantially. It dipped by a huge 14.66% to $2.5 billion.
Avalanche (AVAX), the crypto that surged the second top performer last year in November, gained a massive 15.63% and traded at $76.51 at 7:57 a.m. ET. The market capitalization stood at $18.8 billion, up by 15.78%. Moreover, the 24-hour trading volume increased significantly. It rose by 3.69% to $2.4 billion.
The meme-frenzy cryptos Dogecoin (DOGE) and Shiba Inu (SHIB), gained 12.87% and 13.44%, and traded at $0.1254 and $0.00002447 at 7:58 a.m. ET, respectively.
The Recent Dip
Yesterday, the crypto market crashed heavily. The highlights include:
- Bitcoin (BTC), the largest cryptocurrency, has lost, a huge 9.19% and traded at $35,319.00 at 7:29 a.m. ET.
- Ethereum (ETH), the second-largest digital token, is also dipping after a hiatus from red. The coin fell by a huge 12.64% and traded at $2,372.76 at 7:32 a.m. ET.
- Another major crypto, Solana ($SOL), dropped 10.79% and traded at $80.74 at 7:35 a.m. ET.
