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Bitcoin, Ethereum, Dogecoin Show Signs Of Recovery — Why The Russian Invasion Of Ukraine Has Cast A Doubt On The Apex Coin’s ‘Digital Gold’ Thesis – Bitcoin – United States Dollar ($BTC)

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Major coins showed strength on Thursday evening despite the invasion of Ukraine by Russian forces on a preceding day. The global cryptocurrency market cap rose 1.4% to $1.8 trillion.

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Price Performance Of Major Coins
Coin 24-hour 7-day Price
Bitcoin (CRYPTO: BTC) 4% -5.3% $38,368.05
Ethereum (CRYPTO: ETH) 1.4% -9.5% $2,609.72
Dogecoin (CRYPTO: DOGE) -2.7% -11.2% $0.12
Top 24-Hour Gainers (Data via CoinGecko)
Cryptocurrency 24-Hour % Change (+/-) Price
Terra (ANC) +20.9% $3.45
Waves (MKR) +11.7% $1,915.31
Terra (LUNA) +10.7% ​​$64.84

See Also: How To Buy Bitcoin (BTC)

Why It Matters: Risk assets rose on Thursday even as war raged in Eastern Europe. The Nasdaq and the S&P 500 ended the day’s session 3.34% and 1.5% higher at 13,473.59 and 4,288.70.

Cryptocurrency trader Michaël van de Poppe tweeted that the panic “is over” for the coming few days or weeks. He also saw a considerable upside to the so-called altcoins.

“Markets reacting in a sense that [Gold] is going to correct, risk-on assets like equities and [Bitcoin]…

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