Russia-Ukraine War: Bitcoin now has higher market cap than Russian currency
Zee News
Bitcoin has a market cap of approximately $835 billion while the ruble has a market cap of around $626 billion.
New Delhi: As Russia intensifies its battle to take control of Ukraine, Bitcoin on Wednesday soared to $44,000, pushing the total cryptocurrency market cap to cross $2 trillion. With the recent gains, Bitcoin now has a higher market cap than the rapidly-declining Russian currency ruble.
Bitcoin has a market cap of approximately $835 billion while the ruble has a market cap of around $626 billion.
The crypto market was last at $2 trillion in August 2021.
In the last week since the Russia-Ukraine war started, Bitcoin has jumped nearly 14 per cent and ethereum 12 per cent, according to CoinGecko data.
Terra`s LUNA token had a stratospheric rise, climbing nearly 70 per cent during the last week, and is now trading at approximately $94.
