New Delhi: World’s most popular and largest cryptocurrency on Tuesday (March 1) surged over 15% to $43,190. In the previous session, Bitcoin trading below the $39,000 level, but today it is climbing above $43,000.
According to CoinGecko, the global cryptocurrency market capitalisation bounced back to $2 trillion, up more than 10% in the last 24 hours.
Seeing Cryptocurrency tokens flying high despite ongoing tensions between Russia and Ukraine, with bitcoin leading the gainers is a positive sign for the investors in the market.
According to reports, all the top digital tokens were seen trading higher on Tuesday (March 1). Like, to become the seventh most valued token, Terra rose 24 per cent followed by a 19 per cent rise in Avalanche. Bitcoin rose 15 per cent, whereas Shiba Inu gained 10 per cent.
On Tuesday, the cryptocurrency market all over the world has hit the $1.9 trillion mark, after seeing the about 12 per cent rise in the last 24 hours. However, the total cryptocurrency trading volume jumped at 34 per cent to $109.19 billion.
In the similar manner, the second-largest cryptocurrency in terms of market capitalization-Ether, the coin linked to the ethereum blockchain also jumped over 10% to $2,912. While, dogecoin price was trading about 7% higher at $0.13 whereas Shiba Inu also gained more than 8% to $0.000026.
Also, the performance of other digital tokens was saw improvement with Terra rising over 20% whereas Solana, XRP, Avalanche, Stellar, Polygon, Litecoin, Cardano, Polkadot, Terra prices were trading with gains in the range of 6-18% over the last 24 hours.
However, the digital token has seen a dip of about 6% in 2022 so far but it is still more than 30% away from its record high of near $69,000 that it had hit in November 2021.
Following an escalation of war between Ukraine and Russia, Crypto market saw a major fall over the weekend. Also, Russian President Vladimir Putin has also alerted its nuclear forces after the sanctions from the West.
