Bitcoin extended a two-day climb, driving cryptocurrency gains across the board. The most popular and most prominent cryptocurrency globally increased by more than 2% to $44,041. The digital token has increased by around 15% in the last five days. However, it is still more than 30% behind its all-time high of about $69,000 set in November 2021.
Similarly, Ether, the second-largest cryptocurrency by market value and linked to the Ethereum network, increased little to $2,933. On the other hand, Dogecoin was trading roughly a per cent higher at $0.13, while Shiba Inu was up more than 3% to $0.000026.
According to live mint, other digital coins' performance was mixed, with Terra, Tether Solana, and XRP prices rising and Avalanche, Stellar, Polygon, Litecoin, Cardano, Polkadot, and Terra prices falling over the last 24 hours. Meanwhile, according to CoinGecko, the worldwide cryptocurrency market capitalization has recovered to $2 trillion, up around 1% in the previous 24 hours.
According to Bloomberg, trading volumes in Bitcoin using the ruble have risen to their highest level since May, indicating that Russians may be shifting their money into crypto as the ruble falls to a record low amid the growing crisis between Russia and Ukraine.
Meanwhile, according to research from CryptoCompare, total trading volumes for Bitcoin and Ether, the second-largest cryptocurrency by market value, have decreased even as their prices have increased over the last month. In February, the average daily aggregate trading volume for crypto goods was $353 million, down more than 24% from January.
