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.
| 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 |
| 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]…
